A COLNE Valley firm is hoping for a flood of orders following a six-figure investment deal.

Environmental technology specialist Andel Ltd, based in Marsden, has secured a £650,000 equity investment from Partnership Investment Finance.

The firm is hoping to continue to grow the business by 30% in the coming year across its range of products and services which aim to protect customers’ premises and equipment from flood damage.

Andel’s major brands are Floodline, a leak detection system to protect assets and property from unseen potentially disastrous leaks, and PPL – Pollution Prevention, the company’s environmental services division.

Andel acts as a consultant to carry our site surveys and audit environmental risks. The company then supplies all the necessary equipment and carries out any upgrading or remedial work offering a complete service package.

Among Andel’s clients are Windsor Castle and Buckingham Palace, Royal Mail, Arriva Buses, BT, Lloyds TSB and the Ministry of Defence.

The work ranges from protecting priceless art works and essential IT systems from leaks to preventing and containing fuel spills from tanks and pipes.

Managing director Ian Pogson said: “The environmental sector is a growing industrial area and to capitalise on the opportunities available we need to invest in staff, equipment and buildings.

“With an ever growing raft of legislation, it is becoming increasingly hard for companies to keep up to date with environmental law and the best way to look after valuable assets – and that’s where Andel can help.”

“It isn’t just about being ‘green’, it is about protecting your assets. That could mean looking after legal documents, computer hardware or bank notes; or avoiding a fine if an industrial accident causes a polluting leak.”

PIF senior investment manager Ondrej Okeke said: “The decision to invest in Andel was relatively straightforward as it has a track record of delivering high value goods and services to blue chip companies and government organisations.

“The company has a well balanced management team able to make the most of its innovative products in a growing market.”

PIF is a commercial fund part funded by the European Regional Development Fund and European Social Fund programmes.

It holds a £37m investment fund aimed at supporting growing businesses in Yorkshire and the Humber. PIF aims to encourage enterprise and economic regeneration by providing equity investments and loans.

Alex McWhirter, head of enterprise at regional development agency Yorkshire Forward said: “Although most of Andel’s clients are based in the UK, it is exporting its products and services worldwide. It is another example of an innovative Yorkshire firm leading the way.”