Construction firm set to build further growth following investment
A construction services company is set for further expansion as it targets £8 million turnover by the end of 2015.
Denton & Nickels, based in Doncaster, employs 70 people and has a large portfolio of public sector clients including more than 10 local authorities across Yorkshire, Derbyshire and Lincolnshire. Among these are Sheffield City Council, Doncaster Metropolitan Borough Council, Barnsley Borough Council, Rotherham Borough Council and Leeds City Council.
Sheffield Children’s Hospital and South Yorkshire Housing Association are also key clients of Denton & Nickels.
The company is using a £100,000 Business Loan from Finance Yorkshire to expand its customer base across Yorkshire and beyond and secure other new clients in the private sector.
To date Finance Yorkshire has invested £97m, enabling companies to increase their turnover by £352 million and attract a further £187 million from other private sector sources. Through this activity, Finance Yorkshire investment has helped those SMEs to create and safeguard more than 10,670 jobs in Yorkshire and the Humber.
Denton & Nickels was established in 1999 and has seen its turnover increase from £2.4m in 2013 to £6.7m last year. The business is on target to hit £8m this year.
Managing Director Mark Denton said: “The investment from Finance Yorkshire is a fantastic opportunity to do a lot of things and move the business forward. It will help increase our buying power, make process improvements and maintain our high levels of customer service.
“We want to achieve further growth by expanding our reach across the public sector in Yorkshire as well as entering the private sector.”
Denton & Nickels is currently employed on a development to improve facilities at Sheffield Children’s Hospital which includes a new wing incorporating three wards, an outpatients department and a landscaped garden.
Funding for the works is being raised through the hospital’s Make It Better campaign which Denton & Nickels is supporting, aiming to raise £25,000 to fund a bedroom in the new wing.
Finance Yorkshire’s David Ward said: “Mark and his team have built a solid business over the last few years and enjoy a reputation for outstanding workmanship and customer service. The company is now well positioned to expand its Yorkshire customer base as well as reach new clients in the private sector.”
Finance Yorkshire provides seedcorn, loan and equity linked investments, ranging from £15,000 to £2m to help a range of small and medium sized businesses to meet their funding requirements for growth and development.
The project is supported financially by the European Union. It has attracted investment from the European Regional Development Fund (ERDF) as part of Europe’s support for the region’s economic development through the Yorkshire and Humber ERDF Programme, UK Government and match funding from the European Investment Bank.
For more information about Finance Yorkshire, please visit www.finance-yorkshire.com or call 0300 030 6060.
Note: this news article is from Finance Yorkshire’s previous fund. Read more about Finance Yorkshire