A construction services company is targeting £8m turnover by the end of 2015 after taking out a £100,000 business loan.
Denton & Nickels, based in Doncaster, employs 70 people and has public sector clients including Leeds, Sheffield, Doncaster, Barnsley and Rotherham councils.
Sheffield Children’s Hospital and South Yorkshire Housing Association are also key clients of Denton & Nickels.
The company is using a £100,000 Loan from Finance Yorkshire to expand across Yorkshire and sign up some private sector clients.
Denton & Nickels was established in 1999 and has seen turnover increase from £2.4m in 2013 to £6.7m last year. It 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 working at Sheffield Children’s Hospital on 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.