Doncaster environmental consultancy to see turnover double with £450k investment
A Doncaster-based environmental consultancy is set to double its turnover after securing a £450k Equity-Linked investment from Finance Yorkshire.
Green Spark delivers environmental management and pollution planning services that help major, multi-site companies to manage risks, comply with legislation and avoid fines.
The business advises companies on how to respond in the event of a spillage and provides regular monitoring and inspection services to help prevent such occurrences.
Founded in 2009, Green Spark recorded turnover of £650k for the year to January 2017. It expects to hit £1m in the current financial year and £2m in the year to January 2019.
The investment from Finance Yorkshire will enable Green Spark to boost its senior management team and invest in marketing and business development, as well as providing training and audit services to clients.
Mike Flanagan, managing director, said: “Rigorous management of environmental risk has become a critical business issue. Even a small spillage can prove costly, once you have factored the environmental damage, clean-up and fines into the equation.
“Our services cover not only planned, preventative measures but also internal audits and management information so companies can monitor how they are performing against their environmental objectives.”
He added: “We intend to double our turnover in each of the next two years. We have never had to aggressively market our services because we have benefited from referrals and word of mouth. We now need to reach out to a wider audience.
“We need to improve our internal systems and our training. With a bigger and more experienced management team we can address this.”
Alex McWhirter, Finance Yorkshire chief executive, commented: “Green Spark provides invaluable information that helps companies to maintain high environmental standards.
“Our investment will help Mike and his team to accelerate their growth plans and reach out to new industry sectors.”