Environmental Company Set To Expand With Business Loan

Finance Yorkshire - Oceans ESU

L-R Rob Large, Senior Consultant Oceans ESU, David Ward, Finance Yorkshire, Michelle Gill, Director of Oceans ESU.

A £35,000 Business Loan is helping a Barnsley based environmental company to further expand its services in Europe and around the world.

Oceans ESU will use the investment from Finance Yorkshire to develop existing services and introduce new ones. It will also allow the business to strengthen its foothold in key global markets.

Established in 1992, Oceans ESU is an environmental management company providing reed beds for polluted waters, alongside contaminated land services, air, dust and vapour monitoring and consultancy services.

Customers include UK supermarkets, as well as petroleum companies in South Sudan, Malaysia, India and the UK.

The company has a long-standing relationship with the environmental sector in East Africa and has recently announced its first contract with the world’s newest country, the Republic of South Sudan. It has also recently completed its first reed bed project in Malaysia.

Co-Director Michelle Gill runs Oceans ESU with her father, Dr Lucian Gill. She said: “This Business Loan from Finance Yorkshire gives us the working capital we need to further develop our work in South Sudan, as well as opening up new markets in Kenya and Poland.”

Finance Yorkshire Portfolio Manager David Ward said: “Oceans ESU is a well-respected Yorkshire business doing valuable work in countries around the world. We are pleased that this Business Loan will help them to develop products and services in existing markets including the UK and South Sudan, in addition to opening up entirely new markets such as Poland and Kenya.”

To date Finance Yorkshire has made 609 investments totalling over £76 million.

Finance Yorkshire provides seedcorn, loan and equity linked investments, ranging from £15,000 to £2m to help a range of small and medium sized businesses to meet their funding requirements for growth and development.

The project is supported financially by the European Union. It has attracted £30million investment from the European Regional Development Fund (ERDF) as part of Europe’s support for the region’s economic development through the Yorkshire and Humber ERDF Programme, £15million from UK Government and £45million match funding from the European Investment Bank.

For more information about Finance Yorkshire, please visit http://www.finance-yorkshire.com  or call 0845 649 0000.

Thanks to Cicada Communications for the press release 

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Finance Yorkshire Roadshows 2014

 

Photo and video assignment for client Finance Yorkshire shot during their 2014 Roadshow at Sheffield Town Hall.

 

Finance Yorkshire Roadshows 2014.

Bill Westwater or Xeros speaks at the Sheffield Event

 

 

Finance Yorkshire Roadshows 2014.

James Newman, Chairman of Sheffield City Region LEP at the Sheffield Event.

 

contact: shaun@sf-pictures.com

mobile: 07778 315553

office: 01302 570814

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Finance Yorkshire makes major investment in S3 ID Group

Craig Hopwood of Finance Yorkshire and Derek Gennard of S3-ID Ltd

S3 ID, the UK’s market-leading provider of innovative location awareness solutions, has become the first company to receive an equity investment from Finance Yorkshire.

Based in Rotherham, S3 ID offers a range of unique and patented solutions which improve personnel safety and security in the oil, gas, petrochemical and energy sectors.

This major investment of £1.1m from Finance Yorkshire’s Equity Fund will enable S3 ID to maintain the controlled expansion it has experienced over the last three years which has resulted in the development of several new innovative products, along with the acquisition of further patents gained in new strategic sales regions around the globe

S3 ID, which also has regional offices in Norway and Singapore, has developed a unique product range from its experience of serving the on-shore and off-shore oil, gas and energy industries. Its products are ATEX certified and solutions use patented technology, time proven in operations worldwide.

Gro Kielland, chairman of S3 ID, said: “We are extremely positive about the new opportunities this investment will create. It further strengthens our operations and will allow more investment in product and business development, demonstrating to our clients our sound business standing and continuing commitment to helping our customers in the oil, gas, petrochemical and energy sectors meet the highest safety standards available for their personnel.

“Going forward, our first priority will be to ensure our customers continue to receive the same high level of service and support they expect and deserve as we drive the business forward.”

Craig Hopwood, who led this investment on behalf of the Fund, added: “S3 ID is a pretty unique business that operates within a high-tech, growth sector. This made the company an extremely attractive investment.

Derek Gennard of S3-ID Ltd and Craig Hopwood of Finance Yorkshire.

We believe that S3 ID is well placed to continue its expansion in the oil, gas and energy industries and we see this as a long-term strategic investment in our region for Finance Yorkshire. We are looking forward to working with Derek Gennard, Eivind Fredriksen and the rest of the management team to help achieve their growth plans.”

A strong professional team was put in place to secure the investment deal. The principal legal advisors in this process were Stephen Kitts of Eversheds and Michelle Kershaw of Pinsent Masons. Tax advice was provided by Steven Watson of Allots and banking support by Julia Drever of NatWest.

Alex McWhirter, chief executive of Finance Yorkshire, commented: “This is a landmark deal, not only for Finance Yorkshire, but also for the region. S3 ID is a global business, based in South Yorkshire, which is leading the way in new high-end technology. The investment is an indication as to the type of equity deals we are able to provide businesses to help them meet their needs for growth.”

Helping a range of small and medium sized businesses to meet their funding requirements for growth and development, Finance Yorkshire provides seedcorn, loan and equity linked investments, ranging from £15,000 to £2m.

The project is supported financially by the European Union. It has attracted £30million investment from the European Regional Development Fund (ERDF) as part of Europe’s support for the region’s economic development through the Yorkshire and Humber ERDF Programme, £15million from Yorkshire Forward’s Single Programme, and £45million match funding from the European Investment Bank.

For more information about Finance Yorkshire, please visit www.finance-yorkshire.com or ring 0845 649 0000.

For further information on S3 ID products and services, visit www.s3id.com, call the team directly on +441709 538205 or email: sales@S3-ID.com

email:       shaun@sf-pictures.com

Web:         www.shaunflanneryphotography.com

Twitter:     @sfpix

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