The UK’s leading manufacturer of temperature sensors is set to expand its operations in South Yorkshire after securing a six figure lending package from NPIF – BEF & FFE Microfinance, which is managed by Business Enterprise Fund (BEF) and Finance for Enterprise (FFE) and part of the Northern Powerhouse Investment Fund.
The funds provided by Finance for Enterprise will be used to help Dinnington-based Labfacility acquire the adjacent 6,000 sq ft premises to its existing manufacturing and stores facility as it targets future growth within the export sector. The property has been secured on a 10 year lease and will increase the size of the company’s site to 18,000 sq. ft.
Responsible for producing a range of more than 5,000 temperature instruments, sensors, and couplings, Labfacility manufactures more than a million products each year which are sold in 120 countries across the globe and used in the engineering, pharmaceutical, aerospace, oil & gas and food production industries.
In recent years the company became mindful of the potential uncertainties caused by delays in Brexit. Working closely with growth accelerator manager Jim Scott, the company began exploring international growth options in markets which would be largely unaffected by the current political uncertainties and began exploring non-EU markets. Export orders now account for over 25% of the company’s sales, resulting in regular orders being placed by businesses based in the US, China and Australia.
However, in order to meet demand, Labfacility knew it needed additional working space. When a neighbouring unit became available the company turned to Finance for Enterprise for help, recognising that a quick deal was needed in order to help it achieve its future growth plans.
Labfacility Ltd
Units 3a & 3b
Eden Place
Outgang lane
Dinnington
Sheffield
South Yorkshire S25 3QT
Tel: 01909 569446
E-Mail: sales@labfacility.com
