Lloyds Bank - Aerospace, Defence & Security
Lloyds Bank is one of the UK’s leading retail and commercial banks and the primary UK relationship brand in the Lloyds Banking Group portfolio. In 2015 it will celebrate 250 years of helping the people of Britain with the things that matter most to them. Focused on the UK market with limited overseas operations, the bank today serves around 12m personal and business customers across the Retail, Wealth, Commercial and General Insurance sectors through a network of 1300 branches and extensive online, mobile and telephone services*.
Overview of Aerospace, Defence and Security Sector support
With the economy on track to recovery, British businesses are poised to take advantage of new growth opportunities. Lloyds Banking Group are committed to playing a part in this recovery by helping brilliant British businesses succeed. From the 107,000 start-ups we’ve backed in 2014, to over 80% of the FTSE 100 companies we support. It is our pledge to help companies achieve their growth ambitions and to help Britain prosper**.
All clients who are involved in the defence sector will be subject to individual assessment prior to establishing a banking relationship. Lloyds Banking Group’s assessment of requests will take into account a range of factors, including the nature of the products, the method by which and to whom they are sold as well as the viability of the business.
In all cases, clients operating in this sector must comply with applicable international conventions, sanctions and embargoes, legislation and licensing requirements.
UK export licensing requirements will guide many of Lloyds Banking Group’s decisions to support client transactions. Lloyds Banking Group does recognise; however, that some clients may supply goods and services from countries not subject to the same licensing requirements of the UK. Accordingly, Lloyds Banking Group will undertake closer due diligence for these transactions.
Lloyds Banking Group also recognises the importance of mitigating the potential for money laundering and corruption that could be associated with politically unstable countries, or with those in conflict. For these reasons Lloyds Banking Group insist that all exporting clients comply with the requirements of:
- UK Government import and export licensing
- All relevant non-UK jurisdictional export requirements
Products and Services available to the Sector:
We offer the full range of banking services to clients in this sector
To find out more speak to one of our sector specialists:
New Customers, please contact us on 0800 056 0056 and existing Customers on 0345 072 5555. Alternatively, please visit us at www.lloydsbank.com/business
If you have a hearing or speech impairment you can use Text Relay (previously Typetalk) or if you would prefer to use a Textphone, please feel free to call us on 0345 601 6909 (lines open 7am-8pm, Monday-Friday and 9am-2pm Saturday).
Calls may be monitored or recorded.
Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Telephone: 0207 626 1500.
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Registration Number 119278.
Lloyds Bank Commercial Finance is a trading name of Lloyds Bank Commercial Finance Ltd. Registered office: No.1, Brookhill Way, Banbury OX16 3EL. Registered in England and Wales no.733011. Lloyds Bank Commercial Finance Limited is part of Lloyds Banking Group and is authorised and regulated by the Financial Conduct Authority for activities relating to certain types of consumer credit which are regulated under the Consumer Credit Act 1974 and by the Financial Services and Markets Act 2000. We are not deposit takers and are not regulated by the Prudential Regulation Authority.
The Lloyds Banking Group includes companies using brands including Lloyds Bank, Halifax and Bank of Scotland and their associated companies. More information on the Lloyds Banking Group can be found at lloydsbankinggroup.com.
Some examples of businesses helped by Lloyds Bank in the sector:
Case Study - AE Aerospace Ltd
One year on from a management buyout, Birmingham’s AE Aerospace Ltd (AE) is a soaring success having been successfully turned around into a profitable business which has already made one acquisition and is seeking more.
*Lloyds Banking Group Customer and Branch numbers correct as at November 2014.
**Start up figure relates to Lloyds Banking Group during the period Jan 2014 to Dec 2014. Lloyds Bank FTSE 100 figure correct as at September 2014.
^”Re-shoring – Time to Seize the Opportunity” Report published by EY in February 2015. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.