Advanced Pump and Hydro Systems Ltd are set to revolutionise the water industry, create new jobs and bank £2million thanks to new technology and innovative thinking funded by an impressive funding package arranged by Central Business Finance.
Central Business Finance, a Midlands based, independent FCA approved finance broker secured a whopping £600,000 through a mix of Enterprise Finance guarantee, Invoice Discounting a Regional loan and a start-up loan to fund the relatively new Advanced Pump and Hydro Systems Ltd ambitious acquisition plans to further grow their innovative business in the Midlands.
Advanced Pump and Hydro Systems Ltd are relatively new to the market, establishing earlier in 2019 with experienced water industry consultants Ian Goddard and Lee Edgington who have developed an innovative product for water, wastewater and industrial applications. The Worcestershire business provides advice and solutions to clients including A Major UK Water Company through the entire development of a hydro-electric power project from the initial idea through; feasibility, conceptual design, final design, build, commissioning to generation.
Ian Goddard, Director of Advanced Pump and Hydro Systems Ltd says: “We have developed a unique product and offering and are revolutionising the water industry up and down the country all from the Midlands.
“To ensure our growth plans could be achieved it was evident we needed to extend our offering geographically through acquisition and organic growth whilst attracting, hiring and training specialists within our industry. The scale of the project needed expert funding and we approached Chris Brown at Central Business Finance to help us.
Chris Brown, Director, Central Business Finance, adds; “Working with Ian and Lee at Advanced Pump and Hydro Systems was a real pleasure. Supporting businesses, especially new and innovative start ups in the Midlands to grow, expand and recruit has been extremely rewarding. Their recent successes with a major UK Water Company and the development of industry revolutionising products is phenomenal and I am glad that Central Business Finance could support them.
“Even in our current political times with the shadow of Brexit looming, there are funding options available for businesses; however, it is a complex market and accessing grant funds does require significant experience to be successful. Central Business Finance is one of the only FCA authorised commercial finance brokers in the Midlands who advise clients on grant funding, and I am incredibly pleased to have achieved this figure for Advanced Pump and Hydro Systems. This successful funding package is a testament to our knowledge of the sector, and our understanding of the application criteria.”
Ian Goddard goes on to say: “Central Business Finance understand the complexities of business finance and took the time to understand our growth plans and how we can achieve them with the right funding options. Their track record in achieving business finance is second to none and their ability to understand the funding criteria and small print, and ultimately taking away the late nights, and most of all the headache of form filling has provided a sustainable, positive outlook for the future of our business, our clients and will contribute to the creation of 5 new jobs.”
Central Business Finance, have already supported over 400 businesses in 2019 and raised over £10 million in grants and commercial finance, driving significant growth for their respective clients and the West Midlands economy.
Their clever mix of banking professionals, funding experts, accountants and other financial professionals including asset finance, provide clients with peace of mind their businesses, their finance and their future is in the right hands.