£3.2m for asbestos service provider Environmental Essentials
Business Growth Fund has backed Stoke-on-Trent firm which helps brands such as Asda, Marks & Spencer and Savills
Asbestos services company Environment Essentials has received £3.2m from the government-backed Business Growth Fund (BGF), it announced today.
Launched in 2004 and based out of Stoke-0n-Trent, the company provides asbestos management, training and surveying to businesses, authorities and public sector organisations and has a client list which includes Asda, Savills and Marks & Spencer.
The business, which is on track to generate year-end revenues of approximately £10m, will use the funding to open a national asbestos training centre at its Stoke headquarters alongside a new office in Aberdeen focused on the oil and gas industry.
As part of the deal, Simon Cashmore – current CEO of TCL Group, will join the Environmental Essentials’ board as non-executive chairman while BGF investor Mark Freer has also been assigned to the company’s board.
Richard Powner, co-founder and director at Environmental Essentials, said: “There is a sizable market opportunity for us to go after in the UK. With BGF’s support we are now in a position to accelerate our growth plans across the UK whilst continuing to deliver first rate customer care to our existing clients.”
“Asbestos is an issue that affects a significant proportion of UK commercial and public sector buildings and Environmental Essentials is one of a handful of operators able to provide a truly national service as demanded by major corporate clients.”