Batchglow gains investment for working capital
Batchglow Ltd has received a £50,000 investment form the South Yorkshire Investment Fund
Batchglow Ltd has received a £50,000 investment form the South Yorkshire Investment Fund (SYIF) in order to boost its working capital.
The specialist coating company underwent a management buy-out (MBO) recently along with its sister Specialised Coatings. The MBO was led by the company’s current owner Chris Smart.
Batchglow employs just over 40 people and operates 24 hours a day, five-days a week from its base in Rotherham.
Established in 1981, it provides industrial paint finish to clients with shop fittings and architectural metalwork.
“MDF Specialised Coatings is a fairly unique business and was established after seeing the decline of manufacturing in Sheffield,” says Smart.
“We felt the business could take advantage of the specialist skills to coat MDF, which seemed to be used everywhere.
“We have been able to gain work all over the country, including with high profile organisations such as Meadowhall, Marks and Spencers and more recently Terminal Five at Heathrow International Airport.”
Batchglow is now looking to re-invest in new equipment and to continue to develop its general sales over the coming 12 months.
The company was helped in the deal by Les Davies, a senior partner at business advisers and accountancy firm Haines Watts, who introduced the company to SYIF.
© Crimson Business Ltd. 2007