Finance Yorkshire has made a £250,000 investment in a Huddersfield-based company specialising in soil investigation.
Rogers Geotechnical Services Ltd – known as RGS – provides site investigation solutions and consultancy services to the construction, property development and insurance industries.
The Equity Linked Investment from Finance Yorkshire is enabling the company to update its fleet of vehicles and invest in a new drilling rig as well as refurbish its soils laboratory at its Barncliffe Business Park premises.
RGS is a family-run firm with 15 employees and this year celebrates its 10th anniversary. Managing Director Emma Rogers is supported in the business by her husband and Operations Director Chay and his father Steve who is Technical Director.
Emma said: “Despite difficult times through the recession, we have grown the business, largely by seeking new markets and we have got to the point where we needed to invest in new equipment, including a drilling rig. Finance Yorkshire’s investment provides capital to the business and enables us to maintain our position in what is a competitive sector.”
RGS operates nationwide with clients in both the public and private sectors and handles all aspects of ground investigation including fieldworks, in situ testing, geotechnical and contamination laboratory testing, subsidence/heave investigation, geotechnical and environmental consultancy.
Finance Yorkshire Investment Director, Paul Gower, said: “RGS is an innovative, family business with a strong reputation for providing quality services. We’re confident our investment will support RGS in growing in size and scale, serving current and newly acquired customers.”
RGS was advised in the deal with Finance Yorkshire by Cathy Cook from Jordans Solicitors, Wakefield and by Martin Bown of My Management Accountant.
To date, Finance Yorkshire has made 617 investments totalling over £77 million.
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 £30million 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, £15million from UK Government and £45million match funding from the European Investment Bank.
