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Expansion plans for medical supplies wholesaler IMS Euro

05/10/2018
Using a seven-figure funding package from HSBC, IMS Euro has bought out the 4.2 acre business park from which it has been operating from for over 25 years.

A supplier and developer of non-pharmaceutical medical and veterinary products across an international network, IMS Euro has won a major new supplier contract with NHS England and plans to double its workforce.

Durgham Shamot, chief of the IMS Euro group, said: “It’s fantastic to acquire the business park we’ve called home for so many years.

“IMS Euro has grown significantly since it began trading in 1992 but our rented premises restricted any meaningful expansion.

“We wanted to continue operating from our Stockport distribution centre so, with HSBC UK’s support, we jumped at the chance to buy the business park when it came on the market.

“There is a huge demand for IMS Euro to expand its current overseas distribution centres and create a worldwide network. This UK expansion program allows us to secure the company’s future and develop global links from our base in Greater Manchester.”

IMS Euro expects to increase its turnover by over 80 per cent this financial year.

Zubayr Atcha, HSBC UK’s corporate relationship director in Greater Manchester commented: “We’ve supported IMS Euro for over 15 years and have always been impressed with its ability to source high quality products for the UK medical and veterinary markets.

“It has shown clear, year-on-year growth for the best part of a decade, bringing jobs to the area and gaining influence in new international markets.




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