R/C copter supplier secures funding

Barnsley's Fast Lad Performance plots international growth.
Author:
Publish date:
5_fast-lad-performance.jpg

A remote control helicopter supplier has secured funding from HSBC.

Barnsley's Fast Lad Performance plans to use the investment to grow internationally. 

Founded in 2006 by radio control helicopter enthusiasts Jamie Renwick and Chris Walton, the company imports stock from around the world before exporting to clients globally.

The latest funding will enable Fast Lad to purchase a new range of helicopters from an Italian supplier which have already proved popular in a six-month sales trial.

Mark Tompkinson, HSBC’s Deputy Area Commercial Director for South Yorkshire, said: “We are thrilled to be able to help a business that is so well established in its field to further increase its customer base in Europe and the US. 

"As Fast Lad Performance primarily trades online, it has been able to take advantage of the rapid growth in consumers using online shopping facilities and it’s by capitalising on these opportunities that Fast Lad has grown to having the fifth biggest share of the US market. We are excited to be supporting the future plans for such a strong British business.”

Jamie Renwick, Director of Fast Lad Performance, said: “As an internationally expanding company, we always try to identify the most sought after stock lines to secure future sales growth. 

"Our importing and exporting activities with China, Europe and the US means we need a bank that has the international credentials to support us. We feel HSBC’s international expertise makes it the perfect fit and we’re looking forward to working with them as we continue to grow our business."

Want to receive up to the minute toy industry news straight to your inbox? Click here to sign up for the free ToyNews Daily Digest and Newsflash services. You can also follow ToyNews on Twitter and Facebook.

Related

Roger Martin.png

SUPPLIER PROFILE: Coiledspring

Games specialist Coiledspring is adding to its already novel range with Worry Eater Dolls and Hello Sunshine toys this year, marking an ambitious move into the plush market. Dominic Sacco asks MD Roger Martin about the firm’s swift growth and exciting new products

5_scholastic-brand-profile.jpg

SUPPLIER FOCUS: Scholastic

You may know it as a publishing company, but Scholastic also has a 120-strong library of arts and crafts kits which is helping it make a name for itself in the toy business, too. Samantha Loveday finds out more about the Klutz brand and what?s coming up next.

Featured Jobs

Copyrights Group

Marketing Manager

The Copyrights Group is one of the licensing arms within The Vivendi Group. Acquired by Vivendi in 2016 Copyrights manages the licensing for a portfolio of properties to include Paddington Bear. Some of the other companies within the Vivendi Group include Universal Music Group, and their licensing arm Bravado, Gameloft and Studiocanal to name a few.