Hull’s Envirodoor secures £1.1m Finance Yorkshire investment

An international manufacturer and supplier of specialist industrial and hygienic doors has been provided with a second major investment from regional funding body Finance Yorkshire.

Envirodoor has now received a total of more than £1.1m of financial aid from Finance Yorkshire.

This latest £550k Equity Linked investment in the Hull-based business comes after an initial £600k funding package made in October 2012.

Envirodoor, fronted by Mark de-Villamar Roberts, is now internationally recognised for manufacturing specialist industrial and hygienic doors for a range of industries, including the food, automotive, pharmaceutical, marine, energy, hospital, defence and the film and TV sectors.

The second tranche of finance from Finance Yorkshire will be invested across the de-Villamar Group, which last year saw major expansion with the acquisition of two companies – SCF (Hull) Ltd, a specialist steel fabrication business and Dividers Folding Partitions Ltd, manufacturers and suppliers of internal sliding and folding partitions.

The Dividers Folding Partitions business will receive an investment in materials and marketing, and improving stocks and parts for the Group’s maintenance division to enable it to deliver quicker response times to its customers.

For 2015, the de-Villamar Group is forecasting growth for Envirodoor in the Middle East and Far East, while there is export potential for Dividers Folding Partitions in the Middle East and SCF (Hull) Ltd in the US.

Mark de-Villamar Roberts, managing director of Envirodoor, said: “I am delighted with the second investment from Finance Yorkshire and I believe that the continued appetite from Finance Yorkshire to support our Group speaks volumes about how our business has grown and developed over the last two years.”

“We will also be investing in our Group’s IT infrastructure, marketing and new premises in East Yorkshire which will house a new steel factory for SCF (Hull) Ltd and new offices for both Envirodoor and SCF.”

Alex McWhirter, Finance Yorkshire chief executive, added: “Our equity investments in Envirodoor have been substantial and have enabled the business to develop and achieve sustained growth in its established markets as well as seek new contracts in the Middle East and the US. Envirodoor is a huge success story and a prime example of how our investments make the difference. The investments in Envirodoor illustrate the long-term relationship that we build up with those companies where we’ve provided finance to help achive growth and maximise the impact for the business.”

Ian Brown, Finance Yorkshire portfolio manager, also commented: “With Mark at the helm, the Envirodoor business has continued to perform extremely well across the UK and Europe. The acquisitions he has made have created a strong group of businesses which have impressive potential and we are confident the group will capitalise as a whole on the market opportunities.”

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