A fast -growing Lancashire company which specialises in vacant property management is to expand its operation with a £200,000 investment from The North West Fund for Venture Capital, managed by Enterprise Ventures.
It is the third round of funding for Secure Empty Property Limited and brings the total invested by The Fund and by private investors to over £1.4m. The Haslingden-based company, which already serves clients nationwide, is planning to open a new depot in the Midlands and to create a further five jobs.
Secure Empty Property was set up in 2012 by its managing director Simon Broadbent, who has more than 20 years’ experience in the industry. It now employs 25 people and is the fastest growing business of its type in the UK.
The company provides rapid-response services such as steel shuttering, temporary security and alarms to clients nationwide including social housing providers, property management companies, insolvency practitioners, pub and hotel chains, house builders and auctioneers. Its services help prevent vandalism, squatting and theft from empty properties, and protect landlords against liability for trespassers.
Simon Broadbent said: “Secure Empty Property has safeguarded many thousands of properties already and turned them back in to homes or commercial lets as new tenants move in. We also take our social responsibilities very seriously, in particular job creation. We work with social housing providers, and if possible offer employment and training to young people living in the areas to help them to unlock their potential.”
Lisa Ward of Enterprise Ventures, which manages The North West Fund for Venture Capital, said: “Secure Empty Property has grown rapidly since its inception just three years ago and is now one of the leading independent businesses of its type in the UK. This latest investment will support further growth by allowing it to open a dedicated Midlands depot, move into a new head office and depot at Haslingden, step up its marketing activities and launch a new product range.”
The North West Fund for Venture Capital is financed by the European Regional Development Fund and the European Investment Bank.
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About Enterprise Ventures
Enterprise Ventures (EV) is one of the leading providers of venture capital, growth capital and loans to small businesses in the UK. We can provide sums from as little as £25,000 up to £2 million for businesses in all sectors and at all stages of development – from funding for start-ups, including management break-outs, to investment for growth or development capital, management buy-outs (MBO) or management buy-ins (MBI), acquisition financings and replacement capital. Enterprise Ventures invested £30 million in 218 transactions in 2014 – equivalent to four investments every working week.