IT and event technology company, One World Rental, has secured a six-figure commercial mortgage from HSBC UK to buy a 10,000 sq. ft site in Woodford, London, as it looks forward to a busy summer of events.
One World Rental provides event rental technology and technical event services to support a range of events, from corporate conferences to festivals. This includes providing the latest IT equipment, software installation and app building, as well as event staffing and Wi-Fi installation.
Throughout the pandemic, the company adapted to support its customers changing needs, including partnering with the NHS to provide technology for vaccination centres and remote examination hubs. As well as an increased presence in the healthcare sector, this summer, One World Rental is providing technology support for many high-profile events including The RHS Chelsea Flower Show, the Hampton Flower Show and food show ‘Taste of London.’
The purchase of the multi-use premises has enabled the company to save money on rental costs and provide additional financial security to support the influx of summer events.
Nazia Khan, Director at One World Rental UK, said: “Despite the difficulties that have faced the events industry, HSBC UK trusted and believed in our business model. The bank’s financial support has given us a welcome boost in uncertain times and will underpin our global growth strategy as our industry continues to reopen. It was refreshing to receive such understanding and support from our Relationship Manager at HSBC UK Nadia Virvinska who really took the time to get under the skin of our business.”
Sarah Emberson, Regional Director of East London Business Banking for HSBC UK, added: “Whilst it has been a difficult period for the events industry, One World Rental has proved agile, adapting to the needs of both new and existing customers. We are delighted to back the business and help it realise its expansion plans during what promises to be a busy summer ahead.”
One World Rental has won several industry awards, including Best Technology Partnership with Givergy at the Event Technology Awards 2020.