Aquaform secures funding

Investee company

Aquaform Ltd (UK)

Investee company business type

Specialises in the maintenance of boilers, air conditioners and refrigerators

Type of financing

Early stage

Equity providers

N/A

Equity leader (individual)

N/A

Debt provider

South Yorkshire Investment Fund, HSBC

Debt type

Unsecured loans

Debt leader (individual)

Tony Goulbourn

Equity amount

N/A

Total deal value

£72,000

Other advisors

Rising Associates

Comments

South Yorkshire Investment Fund has provided a £30,000 unsecured loan for Aquaform Ltd matching similar funding provided by HSBC. The company is an environmental engineering company, offering fully planned and preventative maintenance of all plumbing, heating, air conditioning, commercial refrigeration and electrical control systems.

This deal is one of several that South Yorkshire Investment Fund has completed in the last month including Alambar Safety Products Ltd and Transtar Freight Forwarders Ltd.

Tony Goulbourn, chief executive of South Yorkshire Investment Fund Ltd said: “This is an opportunity to support a new South Yorkshire-based business whose activities combine new, electronic-based products with traditional activities in the installation and maintenance of air conditioning and central heating facilities.