YORKSHIRE-based energy services manufacturer Energy Management Systems has secured £3m funding as it aims to become a £60m company in the next five years.
EMSc, which has a turnover of £12.8m, designs and manufactures energy-saving systems for a wide range of sectors including retail, wholesale and leisure, as well as Government departments and local authorities.
EMSc, which employs more than 100 people, moved into its new facility at Smithywood Business Park in Sheffield last year, which increased its manufacturing capacity by 500 per cent.
With the new funding in place the company is capitalising on significant demand from both domestic and international markets.
BDO, which has offices in Leeds and Sheffield, acted on behalf of the shareholders of EMSc providing fundraising support, detailed business planning and financial modelling.
Mergers and acquisitions partner Jason Whitworth led the team, with support from senior manager Mike Clarke.
RBS provided funding for the deal, with Stuart Watson of the bank’s corporate transactions team and Darren Marshall, director in Sheffield, heading the bank’s team. Mark Pownall at Baker Tilly provided due diligence.
Mr Whitworth said: “The funding gives EMSc a fantastic opportunity to build on its growth ambitions and we expect to see the business go from strength to strength.
“The UK remains its heartland, but EMSc is rapidly building an impressive international network and, with a new office in Australia, is receiving enquiries on a daily basis from around the world.
“This is another example of an innovative Yorkshire manufacturing business, which has set its sights on ambitious growth in a dynamic market.
“EMSc demonstrates that the ‘Made in Sheffield’ stamp is still synonymous with quality and cutting edge design. We look forward to working with the management team as part of its ongoing growth strategy.”