£200k Backing for Openhouse Products

13th Jan 2006

A Wirral company which makes specialist bags for the emergency services is expanding with backing from Merseyside Special Investment Fund (MSIF).

Openhouse Products Limited design and manufacture protective luggage primarily for the medical sector. The company began trading in 1992 and its main product line is a range of multi-functional emergency response bags to hold drugs, splints, oxygen cylinders and other apparatus used by paramedics.

The company, run by husband and wife team Brian and Helen Jones, has raised a funding package in excess of £200,000 including a £50,000 loan from MSIF and Directors' own investment.

Designs produced from premises in Birkenhead, are also used by the audio visual, automotive, funeral and electronics sectors. Products have also featured on the television soap Hollyoaks and the hit TV drama Daziel and Pascoe.

Clients include the NHS, Ministry of Defence, General Motors and several regional ambulance services.

Brian Jones said: "We offer a bespoke service to our growing customer base. The money from MSIF has enabled us to buy a customised vehicle with a state-of-the-art computer installed which can give a 3D image of the product and add any features the client may need. This means we can visit customers up and down the country and get their exact requirements ensuring a high quality service wherever they are based."

Paul Humphray, Investment Manager of MSIF's Small Firms Fund said: "Openhouse operate in a niche market and have a large customer base throughout the UK. The management team is committed to growing the business and deserve to do well."

Openhouse currently employ 31 staff and they estimate this will increase to approximately 40 over the next three years. Turnover is expected to reach £2.5m in three years.

Ends

For further information contact Angela White at Merseyside Special Investment Fund on 0151 236 4040

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Photo shows L-R - Paul Humphray (MSIF) Brian Jones (OpenhouseProducts)

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