Lancashire-based business, Pronar UK, has received a £100,000 loan from NPIF – BFS & MSIF Microfinance, part of the Northern Powerhouse Investment Fund.
Pronar UK was incorporated in 2016, by Founder and Managing Director, David Orrell.
Pronar is a major global leader in the manufacture of wheels for agricultural and municipal machinery, pneumatic and hydraulic systems, axles for trailers, trailer panels as well as highly engineered steel profiles and plastic components.
Sandycroft based Automation Integration business, Delta Rock Group, have repaid the investment made by MSIF in March 2017, over 4 years ahead of schedule.
Last year, MSIF provided a significant investment to fund a management buy in led by current Delta Rock Group owner Scott Davis.
A Liverpool-based start-up offering nutritious meals for an affordable price has received a £100,000 loan from NPIF – BFS & MSIF Microfinance, part of the Northern Powerhouse Investment Fund.
Bite Club, based in The Accelerator Building in Liverpool City Centre, provides nutritious and healthy superfood meals across the city from their cafés in multiple sites, branded fridges and app-powered online delivery service.
MSIF has provided Bluebird Support Services with a £25,000 loan from NPIF – BFS & MSIF Microfinance, part of the Northern Powerhouse Investment Fund.
Bluebird Support Services is a provider of innovative support solutions for the professional and financial services sectors and was created in 2016, by co-directors Jayne Smith and Leanne Bentley who have 60 years of experience working in the professional services industry.
NanoFlex Limited, an early stage sensor design company, has secured £250,000 of funding from NPIF – Maven Equity Finance, part of the Northern Powerhouse Investment Fund (NPIF).
The fund is delivered by MSIF working with Maven Capital Partners in the Liverpool City Region.
MSIF has recently provided St Helens based business, DriverNet, with a £50,000 loan.
DriverNet is a mobile application that bridges the gap in connections and information between drivers, driver management and customers to improve all round performance, driver and customer experiences as well as reduce emissions.
MSIF are happy to announce and welcome Jeff Cummins who is joining the team as a new Portfolio Manager.
Jeff will be working alongside Portfolio Director, Marion Savill. He will be responsible for MSIF’s relationships with businesses where there is an existing equity investment, and will also work on new opportunities alongside the current investment team.
Inovus Ltd. is a successful medical device company based in St Helens. They manufacture a range of affordable and versatile medical and surgical training products that are used by doctors and surgeons across the globe.
The business was created in 2012 by two directors, Dr Elliot Street and Jordan Van Flute.
MSIF announce the appointment of John O’Brien as Non-Executive Chairman of MSIF, with effect from 20th November onwards. John succeeds Andy Rigby who retired from the board on the same date.
He brings a breadth of experience with an extensive track record behind him. As a partner at KPMG John led radical change, reshaping his business areas by merger, acquisition and significant recruitment.