A fire alarm and security specialist in Derbyshire is on track to boost its turnover by 50% this year after securing a £150,000 loan.
The loan, from UK Steel Enterprise (UKSE) and NPIF – Mercia Debt Finance, will allow Advanced Integrated Security Systems (AISS) to create two new jobs for project managers and compete for projects on the national stage.
Based in Dronfield, AISS specialises in the design and installation of fire alarm, disabled alarm, smoke ventilation, security, data networks and integrated reception systems for commercial usage.
“Having reached the £2 million turnover mark in 2017, we are now on track to surpass £5 million this year and have already exceeded our initial 2019 forecast,” said Nick Clayton, who established the business in 2017.
The investment has meant that I can focus on a recruitment drive in order to sustain the rapid growth we’ve seen to date.”
Alan Stanley, Regional Executive at UK Steel Enterprise, a subisiary of Tata Steel, said: “Nick has done a great job of building AISS up to compete on a national level. We are pleased to have provided investment to the firm and believe that its growth is just the beginning of what can be achieved.”
Pete Sorsby, Investment Manager at Mercia, added: “AISS has seen impressive growth since its launch in 2017 which reflects Nick’s long-standing experience in the industry and the strength of the team he has built. This funding will allow the company to build on its success and to work on larger, landmark projects.”
Operating from the British Business Bank’s Sheffield head office, the Northern Powerhouse Investment Fund provides a mix of debt and equity funding to support Northern-based SMEs at all stages of their development.
Mark Wilcockson at British Business Bank, said: “This investment demonstrates how this funding can make a real and measurable difference to businesses across the Northern Powerhouse region, which helps create a more prosperous regional economy.”