Maven Capital Partners is to lend £250,000 to Derby-based water and waste solutions provider Watermark Systems to upgrade its technology and systems, and to buy materials.
With clients including Severn Water, Buxton Water, and Veolia, the company was founded in 1984 by Mike Roberts and Peter Swindell, and provides engineering solutions exclusively 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 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.
Watermark MD Mike Roberts said:“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.”
Jonathan Lowe, Investment Director for Maven, said: “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.”
