A Wirral estate agency business has undergone a management buy-out (MBO) with backing from MSIF.
Bakewell Horner based in Wallasey has been bought by Russ Smith, a minority shareholder, from former owner Peter Horner. Peter will remain with the business on a consultancy basis.
Liverpool-based Blends Ltd, one of the UK’s leading manufacturers of specialist food ingredients, has doubled the size of its base in Knowsley Business Park to cater for record client demand.
The move follows £4.6 million in funding from Santander Corporate & Commercial and Merseyside Special Investment Fund (MSIF), with MSIF providing a £200,000 grant through the Regional Growth Fund’s High Growth Business Investment Programme.
MSIF has invested a second round of funding into a Liverpool restaurant to expand its premises.
Grilla on Hardman Street serves Greek-inspired dishes and specialises in freshly cooked meat on the spit.
MSIF has provided Grilla with a further £12k in addition to the £34.5k it invested last year. The loan has been provided through funding it manages for the Regional Growth Fund.
St Helens-based accountancy firm Colin Tunstall and Associates has been acquired by a local accountant with support from Liverpool-based funding provider MSIF.
Michael Nelson has bought the business from its owner and founder Colin Tunstall, who will continue to undertake some consultancy work with the firm.
MSIF has provided a £50k loan to a Knowsley-based orthodontic products manufacturer. Thermadent has used the funding to buy a high-tech 3D scanner and printer. The new machinery will enable Thermadent to add new product lines including clear aligners and retainers.
The company was set up in 2011 by dental technician Matthew Garnett and supplies its products to orthodontists across the region.
MSIF has invested £80k to support the expansion of a business that has developed digital advertising boards on the city’s black taxis.
Open Messenger has been developed by local entrepreneur Mike Smith who is based at the Baltic Triangle.
The digital messenger boards allow advertisers to tailor their promotional messages on Hackney taxis to real-time conditions, such as local weather, location and time.
A fitness instructor from Liverpool has realised her dream of running her own business with backing from Merseyside Special Investment Fund (MSIF).
Lisa Wilson from Blundellsands has launched Life Balance Yoga Studio which offers a variety of hot yoga and pilates classes in the studio situated in Harrington Road, Formby.
A local entrepreneur is bringing a Spanish dining concept to Liverpool with backing from Merseyside Special Investment Fund (MSIF).
Pinch on Castle Street in Liverpool city centre is the latest venture from Tony Burns, a local businessman who previously owned McGuffies bar, also based on Castle Street.
A Wirral-based business which trebled its turnover within a year following investment by MSIF through money it manages for the Regional Growth Fund (RGF) has been asked to speak at an event at the House of Commons to raise awareness about alternative lending.
Mole Engineering was backed by MSIF last year. The company specialises in directional drilling – a precision technique which can be used for underground installations including fitting pipes and tables.