December 20th, 2010
Finance Yorkshire has opened the gates to funding for a growing Bradford business.
ABI Alert Security Systems Limited, based on Knowles Street, Bradford, manufactures and supplies electric gates and security systems to both the commercial and private market.
The company has received a £30,000 business loan from Finance Yorkshire to help it fulfil a growing order book.
ABI Alert Security Systems was established in March 2009, and has enjoyed huge growth and now employs ten people. The company manufactures bespoke products, including gates, railings, bollards, rising arm barriers and access control systems to businesses across the Yorkshire area.
The company was introduced to Finance Yorkshire by accountant Stephen Crowther, from Huddersfield-based SP Crowther & Co Ltd.
The funding will enable the business to take on an extra member of staff and buy new equipment.
Stephen Pierce is managing director of ABI Alert Security Systems and has more than 40 years experience in the industry. He also runs ABI Garage Doors Limited and set up the security company after spotting a gap in the market.
He said: “We were receiving a lot of enquiries from businesses about security gates and we had to put them in touch with other suppliers. We decided to set-up our own company to meet this need and business has grown from strength to strength.
“During the last 18 months we have been very busy and the funding from Finance Yorkshire will be of great benefit in helping us meet the customer demand.
“At present we run the business from a small fabrication facility, but we have plans to establish a showroom which will help showcase our products even further.”
Grahame Lunt, investment manager at Finance Yorkshire, said: “We are delighted to offer our support to ABI. They are a young company but have enjoyed quick growth in a short period of time.
“The funding will enable them to not only fulfil their order book but help them take on more work, ensuring their development continues.”
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 and has attracted £30m investment from the European Regional Development Fund.
Source: Telegraph & Argus