"We are delighted the float has gone so well and we have achieved our funding requirements, giving us the financial platform to fund our aggressive growth and development objectives.
The help from YFM Group in initially backing our MBO was invaluable in helping us get to where we are today."
John Hayward, MD of Pressure Technologies
"This is an exciting time for the Company and we have ambitious growth and development plans.
The backing from the YFM Group though Chandos and the BSC VCT have been instrumental in helping us achieve our objectives."
John Curwen, Managing Director Harvey Jones
"The funding from the YFM Group has come at an exciting time for the company.
This investment enables us to aggressively promote Mirimon to the global market and to make further enhancements to the product.
The advice we received from ICON Corporate Finance was invaluable in identifying YFM Group as the right investment partner for Mirifice."
Paul Tinkler, Chief Executive of Mirifice
"This is a very exciting development for Harris Hill. It is a very strong business and brand and is well placed to deliver the ambitious growth and development plans we have.
YFM Group have been supportive and straightforward throughout the buyin process and are an ideal partner for us as we look to grow."
Aled Morris, CEO of Harris Hill
"The YFM Private Equity investment team were partners throughout the process,
giving financial and expert support to achieve our goals, allowing us to expand and strengthen the business to the stage we have reached today."
Dr Shah, Executive Chairman IPCC
Transitional Loan Fund for Yorkshire and the Humber
The Transitional Loan Fund is part of a £4.76 million package announced by Yorkshire Forward in February 2009. Managed by YFM Venture Finance, the Fund will be lending between £50,000 and £250,000 for working capital purposes to companies based in Yorkshire and The Humber.
Please check your eligibility using the guidelines below. Eligible companies will:
Be an SME: An SME is a business employing less than 250 employees, with an annual turnover of less than 50m Euros (approx £45m) or have balance sheet net assets of less than 43m Euros (approx £39m). The business cannot be part of a larger group employing more than 250 employees where the group owns at least a 25% share of the business.
Be operating from a base in the region.
Have been turned down for finance from a lender.
Can demonstrate that jobs are at risk and otherwise would be lost.
Can demonstrate that the business has a sound track record and is viable going forward.
Can demonstrate that the loan will be used for working capital purposes and that this requirement is a result of the recession.
The Fund can only consider applications from established and historically successful businesses. The fund is unable to provide finance to early stage or pre-start businesses.