£50,000 loan for expanding environmental services firm: Environmental monitoring solutions plans move to larger site
Published: 22nd August 2005
A Sheffield-based company that distributes environmental monitoring equipment and provides environmental and waste management training will use a £50,000 loan from South Yorkshire Investment Fund to boost sales of its growing product range.
Environmental Monitoring Solutions Ltd recently expanded its range of products by becoming the UK distributor of a new range of flow monitoring equipment from the United States.
It marks the latest development for EMS whose sales have consistently outperformed its business plan since its launch in 2001. EMS also provides a comprehensive range of consultancy and training services for clients whose activities may cause pollution to the environment.
Founder and managing director Steve Roberts, who worked in the water and IT industries before starting his own business, said EMS was on target to achieve sales of around £1m this year, maintaining its record of performing ahead of target.
The company, which employs 13 staff, is now planning to move from its current offices at Moss House, Mosborough, and is seeking larger premises in the Sheffield area.
Said Mr Roberts: "I have found SYIF very helpful, supportive and efficient. This loan, together with other funding and business advice will help us take the company to its next stage of development."
Andrew Chaffer, Investment Manager, said: "EMS is a successful business that has consistently exceeded its business targets and is continuing to expand. The SYIF loan will help it to broaden its product base and maintain its progress from its South Yorkshire base."
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About South Yorkshire Investment Fund
South Yorkshire Investment Fund provided seedcorn, loan and equity linked investments, ranging from £15k to £2.5m, specifically to help small and medium businesses meet the gaps in funding they need for growth and development.
Created as part of the Objective 1 programme, the Fund is a private and public sector business finance provider. The European Regional Development Fund and Yorkshire Forward are investors in the Fund.
South Yorkshire Investment Fund also provided access to Business Angel investments from the Yorkshire Association of Business Angels and Microloans through BiG Business Loan Fund and Donbac Microloan Fund.
Finance Yorkshire has now taken on responsibility for providing gap finance in Yorkshire and the Humber.
For further details please contact Suzanne Tinkler, on 0845 649 0000.
South Yorkshire Investment Fund Ltd is a company limited by guarantee (Registered No 3936065). South Yorkshire Investment Fund comprises three sub funds, the South Yorkshire Investment Capital Fund, the South Yorkshire Investment Development Fund, which are each managed by YFM Venture Finance Limited, and the South Yorkshire Investment Small Business Fund, which is managed by Finance South Yorkshire Ltd. YFM Venture Finance Limited (Tel 0113 294 5000) and Finance South Yorkshire Ltd (Tel 01709 386 377) are each authorised and regulated by the Financial Services Authority. South Yorkshire Investment Fund also provides a number of services, which are not regulated by The Financial Services Authority. These include the pilot Seedcorn Fund, BiG Business Loan Fund, Mentorbank and access to the Donbac Microloan Fund. BiG Business Loan Fund is managed by Donbac Ltd (company registration No. 01925556) and Key Fund Yorkshire Ltd (Tel 0114 242 8900).