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.