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Business

Genpower boosted by new funding package

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GENPOWER, the Pembrokeshire-based UK distributor for Hyundai Power Equipment, has secured a £750,000 finance package from HSBC.
The company are forecasting strong revenue and say that more jobs will be created as a result of this new funding.
Genpower have ambitious growth plans and the money from the bank’s South East Wales Commercial team will support them in their development.
After signing a deal to become Hyundai’s only distributor of its power equipment range across the UK and Ireland, the Milford Haven-based company plans to increase its turnover by 50% over each of the next two years and to nearly double staff numbers from 22 currently to 40.
The contract was initially secured to distribute Hyundai petrol and diesel powered generators, high pressure washers, compressors and water pumps on a wholesale basis, but the latest deal sees the company also assume responsibility for the sale of a wide range of Hyundai garden machinery.
The new agreement opens up a significantly larger market and Genpower plans to grow and become a major supplier of power tools in the coming years.
Turnover at the business is forecast to hit £3.1m this year, up from £1.7m in 2012.
The finance package provided by HSBC includes trade finance facilities to support the import of stock from Hyundai and invoice finance facilities.
The deal was led on behalf of the bank by international commercial manager Anthony Couzens.
Genpower was established in 2006 by managing director Roland Llewellin following the sale of his haulage business. He initially focussed on selling its own brand power tools and generators, Evopower. It established its relationship with Hyundai in 2008 and switched to a wholesale model last year.
Mr Llewellin said: “Our relationship with Hyundai has grown steadily since 2008 and we are now responsible for distributing their entire range of power equipment across the UK and Ireland. This will move the business forward significantly and we aim to grow our turnover by 50% over each of the next two years.
Having a finance facility to support our growth plans is important and that is why we are pleased to have secured this latest package with HSBC.”
Roger Pratt, HSBC South East Wales area commercial director said: “Genpower required a finance package that facilitated the increased level of stock they would be importing from Hyundai, whilst also establishing an invoice finance line that would enable it to offer its customers suitable credit terms.
“We were able to put together a facility that met the customer’s needs and we look forward to working with Genpower over the coming years.”

Business

Headline sponsor announced for Wales Business Awards 2025

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BEVAN BUCKLAND LLP, Wales’ largest independent accountancy firm, has been announced as the headline sponsor of the Wales Business Awards 2025.

The awards, organised by Chambers Wales South East, South West and Mid, celebrate the best of Welsh business. Winners across 12 categories, plus the Wales Business of the Year, will be announced at the ceremony which takes place on 12 June at Holland House Hotel, Cardiff and sees broadcaster Andrea Byrne return as host.

As headline sponsor of the event, Bevan Buckland will have a notable presence at the ceremony and drinks reception, as well as opportunities to connect with dignitaries, finalists and the Welsh business community.

With a history spanning over 125 years, the firm is a familiar fixture of the professional services sector across Wales, operating from offices in Carmarthen, Cowbridge, Haverfordwest, Pembroke and headquartered in Swansea.

Bevan Buckland has grown rapidly over the past few years, employing 140 staff and providing a full range of services. Using their extensive experience and expertise, the team at Bevan Buckland provide top level accountancy, audit, tax, corporate finance and financial planning services for individuals, businesses and not-for-profit organisations to help them achieve their goals.

The firm works with a diverse range of sectors including construction and property, charity and not-for-profit, creative industries, healthcare, manufacturing, retail and ecommerce, and small businesses and startups.

Alison Vickers, Managing Partner of Bevan Buckland LLP, said: “We are thrilled to be the headline sponsor of the Wales Business Awards, celebrating the remarkable achievements of Welsh businesses. Here at Bevan Buckland, our strong connection to Wales drives our passion for supporting the local business community. Witnessing the remarkable growth and success of so many Welsh businesses is truly inspiring. We are committed to celebrating their achievements and driving forward the entrepreneurial spirit and the continued excellence and ambition that define our region.”

Gus Williams, interim CEO at Chambers Wales South East, South West and Mid, said: “We’d like to thank all of our sponsors for their invaluable input, expertise in judging and support of the Wales Business Awards, and particularly extend our thanks to our headline sponsor Bevan Buckland. As we mark the successes of businesses in Wales, it’s fantastic to have the backing of a firm which is dedicated to helping businesses and organisations grow and thrive. It’s going to be an incredible ceremony!”

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Business

Stepaside dog salon that opened illegally allowed to stay

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A CALL to allow a Pembrokeshire village dog grooming salon to keep running as the applicant didn’t realise he needed planing permission, has been backed by county planners.

Andrew Bird, in an application to Pembrokeshire County Council through agent Matthew Hitches Architectural Services, sought permission for a retrospective change of use of a domestic outbuilding at Roslyn Hill, Stepaside, to a dog-grooming salon, along with access alterations.

The change of use was completed last October.

Amroth Community Council has raised no objection to the scheme, other than concerns about its retrospective nature, and has welcomed the access improvements proposed, having previously raised concerns about road safety in the immediate area.

A supporting statement accompanying the application for the part-time business said: 2The applicant has been using the building for this purpose for several months and was unaware of the need to apply for planning permission, as the business is located within an existing outbuilding on the property.”

It added: “The salon is currently used on a part time basis, three days per week.  The salon has just one appointment in the morning and one in the afternoon.  So, the maximum number of visitors to the property would be six per week.  The applicant has no intention of expanding the business any further.

“The vast majority of the applicant’s current clients live within Stepaside and Pleasant Valley and most will journey to the salon on foot.  Although the business is situated within the countryside, it is considered essential that this business be situated in this location as it offers a valuable service to the local community.

“If the business were to be located elsewhere, this would mean local residents would need to travel by car to use such services. The number of customers arriving by car is minimal and there is considerable space for parking and turning within the property, if needed.  It is therefore considered there will be no detrimental effect on highway safety.”

An officer report recommending approval said: “Whilst the proposal would not derive inputs from the land and would not be an enterprise for which a countryside location is essential.  It is considered that due to the re-use of an existing building, associated noise effects a countryside location away from an urban environment would be acceptable.

“Furthermore, it can be considered that an urban/industrial setting is considered to be counterintuitive to the welfare of dogs could result in additional noise.  As such, in this instance in can be considered that a countryside location may be acceptable subject to the acceptability of detailed considerations.”

The application was conditionally approved by county planners.

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Business

Taberna Inn pub in Herbrandston could become a house

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A CALL to regularise the conversion of a Pembrokeshire village pub, which became unviable due to changes in the hospitality industry as a result of the Covid pandemic, to a house has been submitted.

In a partly retrospective application to Pembrokeshire Coast National Park, Ms G Key, through agent Evans Banks Planning Limited, seeks permission for the conversion of the former Taberna Inn and associated flat in Herbrandston, near Milford Haven, to one residential dwelling.

Work started in March 2021 but has not been finished, the current application to regularise the situation.

A supporting statement through the agent says: “We understand that the property was purchased by the applicant in November 2020 and operated for four months as a public house on the ground floor.

“The property has therefore remained closed as a public house since that date and only used for residential purposes by the applicant. This current application therefore seeks to regularise the situation and enable the properly to be used as a single residential dwelling.”

It says the loss of the pub to the village will not be felt as strongly as elsewhere as Herbrandston has an alternative venue, Herbrandston Hub, which opened in February 2020, and acts a successful community venue and centre for the settlement’s sports teams.

“The use of the application site as a public house is therefore no longer required, and, as has been experienced by the applicant, not commercially viable,” the statement says.

It adds: “The pandemic had and continues to have many impacts on people’s lives and also their livelihoods, no more so than in the leisure and hospitality industries. With socialising patterns having now changed, many village public houses have found it impossible to continue to operate at anywhere near a viable level.

“Notwithstanding the above, whilst many villages in rural parts of Wafes have lost their one and only public house, Herbrandston is lucky in that there continues to be a vibrant location for its population to socialise, in the form of the Herbrandston Hwb.

“The application proposal will therefore not have a negative impact on the existing community facility and its loss will not reduce the current level enjoyed by the local population.”

It says the change of use will also lead to less traffic generation and potential disturbance for local residents.

The application will be considered by park planners at a later date.

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