Business Loans Case Study
Doncaster-based 8point8 Vanguard Ltd is part of the 8point8 Group which includes 8point8 Support and 8point8 Training. The group employs more than 220 people.
8point8 Vanguard sees huge potential in providing businesses with remotely managed site security. This involves the construction of CCTV tower units which are left self-sustaining on site and enable the company and its clients to remotely monitor and manage site operations.
Finance Yorkshire involvement
A £100,000 business loan from Finance Yorkshire is supporting the construction of 20 CCTV tower units.
Keith Summerill, finance director at 8point8 Support, said: “The units can remain on site for up to four months, powered by their own source which is silent and eco-friendly. Whilst on site they can also provide overnight security which is essential.”
The Investment Rationale
Melanie Reynolds, portfolio executive at Finance Yorkshire, said: “8point8 Vanguard is led by an experienced management team with strong knowledge of the security sector. Our investment is supporting their on-site management services which have the potential to attract new clients, thereby further growing the business and creating jobs in the Yorkshire region.”
8point8 Vanguard has recently won a contract with Doncaster Robin Hood Airport to extend its monitoring systems. Keith said: “In just a few months we have grown the business and see further potential particularly in our site management offer to clients.”
Note: this case study is from Finance Yorkshire’s previous fund. Read more about Finance Yorkshire