Growth Fund - Loans & Equity Case Study
Led by Mark de-Villamar Roberts, Envirodoor is an international manufacturer and supplier of specialist industrial and hygienic doors. The company has enjoyed significant growth and is part of the de-Villamar Group which has seen major expansion with the acquisition of two companies – SCF (Hull) Ltd, a specialist steel fabrication business, and Dividing Folding Partitions Ltd, manufacturers and suppliers of internal sliding and folding partitions.
Envirodoor required initial financial backing to continue its ambitious growth and maintain its position as a key player in the European specialist door market. Further funding was required to invest in the newly-acquired businesses which now make up the de-Villamar Group.
Finance Yorkshire Involvement
Envirodoor secured an initial £600,000 funding package from Finance Yorkshire to support the company’s marketing, recruitment and research and development programmes. This was followed by a £550,000 Equity Linked investment which is supporting investment in materials and marketing for the Dividers Folding Partitions business, improving stocks and parts for the de-Villamar Group’s maintenance division to enable it to deliver quicker response times to its customers. The Group is also investing in its IT infrastructure, marketing and new premises in East Yorkshire which will house a new steel factory for SCF (Hull) Ltd and new offices for both Envirodoor and SCF.
The Investment Rationale
Finance Yorkshire Portfolio Manager Ian Brown said: “With Mark at the helm, the Envirodoor business has continued to perform extremely well across the UK and Europe. The acquisitions have created a strong group of businesses which have impressive potential and we are confident the group will capitalise as a whole on the market opportunities.”
In addition to cementing its position in its existing markets, the de-Villamar Group is forecasting growth for Envirodoor in the Middle East and Far East while there is export potential for Dividers Folding Partitions in the Middle East and for SCF (Hull) Ltd in the US.
Note: this case study is from Finance Yorkshire’s previous fund. Read more about Finance Yorkshire