A Doncaster business which provides decontamination services to research centres is expanding with the help of a £150,000 loan.
IP&C Solutions has secured the funding to support the growth of the company following its acquisition of British Clinical Services (BCS), a Wolverhampton firm which specialises in installing and testing laboratory safety cabinets.
The two businesses, which are amongst only a handful of specialists in the UK, between them serve clients nationwide including Oxford and Cambridge Universities, the NHS and Cancer Research UK.
The funding from NPIF – Mercia Debt Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund, will allow IP&C to take on two new staff to service the additional contracts and pursue its aim of becoming a key force within the laboratory services sector.
“This funding will allow us to take on the additional workload, while continuing to build our expertise and our profile within the laboratories sector,” said IP&C founder, Neil Anderson.
The acquisition of BCS has enabled the retirement of the previous owner. The business will continue to trade under its existing name.
Pete Sorsby, Investment Manager with Mercia, said: “This funding will enable Neil and Carol to expand the scope of their services and their geographical coverage and take the business to the next stage of development.”
Mark Dickinson and Kelvin Fitton from Smith Craven Chartered Accountants advised IP&C on fundraising while Andrew Best of HSR Law provided legal advice to the company.
Mark Wilcockson, Senior Manager at the British Business Bank, said: “The funding will be used to accelerate the businesss forward and this investment demonstrates how NPIF can make a real difference to businessses across the Northern Powerhouse region, allowing for a more prosperous regional economy.”