Published: Apr 27, 2023
Focus:
MEIF Maven Debt Finance
Watermark Systems, a water infrastructure engineering firm, has secured a £250,000 loan from MEIF Maven Debt Finance.
The funding will help reinforce Watermark’s position as a leading operator in its industry, enabling the firm to invest in marketing as well as providing additional working capital to support essential operations and the purchase of materials, as the firm continues to deliver on projects across the UK. These include successful solutions for Severn Water, Buxton Water bottling plants, and Veolia.
Founded in 1984 by Mike Roberts and Peter Swindell, the Derby-based business provides engineering solutions solely to the UK’s waste energy and water/sewage treatment sector. It provides customers with the latest in GPS scanning, 3D modelling and design, pipework installations and structural steel access equipment. The firm also supplies bespoke consultation services, with quality and health & safety considerations always a key priority.
Watermark works closely with digital design specialist Novum BIM to deliver computer aided design (CAD) services, providing spatial design, fire strategy and pre-fabrication models for safety and viability review. This close relationship helps to increase efficiencies in Watermark’s installation times and reduces any need for potential rework, driving commercial sustainability and customer success.
“We are delighted to be able to help Mike and his team push forward with their critical growth plans through a MEIF Recovery Loan Scheme facility to close a working capital gap. Watermark is a major player in this environmentally important sector, which has a significant impact on both the local area and economy. It is a well-run and already successful SME and our fresh funding commitment will enable the firm to further enhance its service offering .”
Jonathan Lowe, Investment Director for Maven
“There was great support from Graham Hall and the team at Maven. Their very thorough due diligence process enabled us to assess and confirm our financial requirements with confidence. Watermark’s ability to take advantage of an uplift in sales is greatly enhanced by our improved cash flow position. With turnover increasing, recruitment of new employees is now underway and our success thus far has us excited for the company’s future.”
Mike Roberts, Founder & Managing Director at Watermark
“The Midlands Engine Investment Fund invests in SMEs across the Midlands with a potential to grow, providing funding to support development, in this case through new materials and a stronger brand positioning, to create new job roles in the region. Other businesses in the Midlands looking for investment should consider MEIF funding options for future growth plans.”
Mark Wilcockson, Senior Investment Manager at British Business Bank
