Plastic Packaging Perfect for Exports
Published: 16th August 2007
William Beckett, managing director of William Beckett Plastics with Jane Siddle, Investment Manager for South Yorkshire Investment Fund.
A leading manufacturer in specialised plastic packaging for the world’s cutting tool industry is set to see exports grow to 75 per cent.
William Beckett Plastics in Sheffield is enjoying one of its most successful periods in its 35-year history and has recently been supported with an investment of £100,000 from South Yorkshire Investment Fund (SYIF).
The funding will help the company’s development in three key areas, the first of which has enabled William Beckett to purchase equipment to manufacture its own moulds.
A major problem for the company had been the capital cost, which often ran into six-figures, for the making of packaging moulds for its range of products.
SYIF has also enabled the business to manufacture the moulds through the purchase of its own machining centre, together with the employment of two new employees, helping to create advantages in producing new products.
Another area of development has seen William Beckett use the investment to expand into additional premises as part of their expansion programme. The company approached SYIF for the investment after receiving advice and funding from Business Link South Yorkshire and Objective 1.
The move to adjoining units at the Tinsley Industrial Park in Sheffield has created 40 per cent extra space for the business.
William Beckett, managing director of the company, said: “This has been a very successful period and we aim to maximise this with our investment to introduce new products, technology, staff and expand our premises.
"We have just enjoyed our best ever quarter and exports will have increased significantly by the end of next year. We have customers worldwide, particularly in America and Europe."
"The company has also had a distribution facility in Chicago since 1994 and in the last two years we have seen revenue double in America. We are pursuing this growth and expecting further development in the coming years."
William Beckett is also set to reveal two new product ranges at EMO - a major tool making exhibition in Hanover, Germany this September.
Jane Siddle, Investment Manager for South Yorkshire Investment Fund, said: "This is a major investment which will enable William Beckett to continue its success and take advantage of its growth."
"The company is using its skills to sell to the world, helping to promote South Yorkshire industry to a great many countries."
South Yorkshire Investment Fund can provide 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.
For more information on how South Yorkshire Investment Fund can help your business please call 01709 386 377.
- Invitation to Tender for Fund Management Contracts
- Move to Barnsley
- Jobs boost from investment fund
- Finance Yorkshire looks to a future of investment
- New finance venture to boost businesses
- Screenprint displays the signs of success
- Doncaster hospitality company looks to the future
- Printing company gets it Wright with SYIF
- More Business & Investment News...
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).