IBM Group Expands with MSIF Backing
06th April 2006
A Liverpool-based building management company is expanding with backing from Merseyside Special Investment Fund (MSIF).
Integrated Building Management Group Limited specialises in the facilities maintenance of industrial and commercial premises. Services include installation & maintenance of lighting, CCTV, access control, plumbing and drainage, water hygiene, heating, air conditioning and ventilation systems.
In addition Integrated Building Management Group also offer a complete site refurbishment and design service.
The company has raised a £150,000 funding package which included a loan from MSIF's Small Firms Fund and the director's own investment.
Customers include the North West Regional Development Agency, US Airways, Tesco PLC and Transport & General Workers Union.
Managing Director Steve Lout set up the company in 2000, says: "We are a 'one stop shop'‚ offering specialist installations and maintenance."
"Many of our clients are blue chip companies operating nationwide and we are increasingly being contracted to service many of their premises."
"The money from MSIF has enabled us to expand and operate on a national level and continue to offer a high quality service."
Paul Humphray, Investment Manager of MSIF‚s Small Firms Fund said: "Integrated Building Management Group has a proven track record and an experienced and ambitious management team in place. We are pleased to be backing them and wish the company every success."
Integrated Building Management Group currently has a turnover of £1.7m, and with a healthy order book, expect to increase to £3m over the next three years. The company expects to employ 15 additional staff over the next year.
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For further information contact Angela White at Merseyside Special Investment Fund on 0151 236 4040
msif funds
liverpool seed fund
The Liverpool Seed Fund provides equity-based investments from £50,000 - £750,000 to early stage businesses with IP