Black Diamond Security Ltd

Business Loans Case Study

Left to Right: Ian Mitchell, Andrew Weir, Martyn Waddington and Richard Pinder of Black Diamond Security; Neil Rockett of Handelsbanken; Kelly Britten of Black Diamond Security; David Ward of Finance Yorkshire; and Jason Vickers of Black Diamond Security

Black Diamond Security provides burglar alarm systems, CCTV cameras, security services, wireless alarm systems and other technology-led security solutions to a number of key market sectors, focusing on asset protection.

The Company

Doncaster based Black Diamond Security was formed in 2010 by Directors Martin Hawley and Ian Raeburn, who used their previous experience in rail and construction to establish a technology-led service which meets the needs of clients in the Infrastructure and Utilities, Industrial and Commercial sectors. They include Network Rail, Keir and Babcock.

The Challenge

Black Diamond has developed, in-house, a range of fixed and rapid deployment camera systems, specifically for the rail and construction sectors. Investment was required to invest in more high-tech security equipment.

Finance Yorkshire Involvement

Black Diamond secured a £60,000 Business Loan from Finance Yorkshire, which is allowing the business to meet high demand for fixed and mobile CCTV equipment.

The Investment Rationale

Finance Yorkshire’s David Ward said: “Black Diamond Security has capitalised very effectively on the previous industry experience of directors Ian and Martin, and in a short space of time has established itself with a raft of major clients. Its focus on technology and asset protection has clearly reaped rewards, and we’re delighted to support them as they continue to grow.”

Future expectations

The business continues to operate to the highest industry standards, as Director Martin Hawley explains: “One of our clients is Network Rail and we had to be RISQS approved prior to securing the contract. This is the UK rail industry supplier scheme which provides a common registration, qualification and audit process for suppliers to the industry, and it confirms that we operate to the highest possible standards.”

Martin added: “The demand for high tech security equipment including both fixed and mobile CCTV systems, offering features such as time-lapse photography, has never been higher, and the Business Loan from Finance Yorkshire will play a vital role in helping us meet the demand.”

Note: this case study is from Finance Yorkshire’s previous fund. Read more about Finance Yorkshire

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