A down-to-earth company has been given a six-figure boost.
Rogers Geotechnical Services Ltd (RGS), which specialises in soil investigation for the construction, property development and insurance sectors, has received a £250,000 investment from Finance Yorkshire.
The equity-linked investment is enabling the company to update its fleet of vehicles and invest in a new drilling rig as well as refurbish its soils laboratory at its premises at Barncliffe Business Park, Shelley.
RGS, a family-run firm with 15 employees, is celebrating its 10th anniversary.
Managing director Emma Rogers is supported in the business by her husband and operations director Chay and his father Steve, who is technical director.
Emma said: “Despite difficult times through the recession, we have grown the business, largely by seeking new markets and we have got to the point where we needed to invest in new equipment, including a drilling rig.
“Finance Yorkshire’s investment provides capital to the business and enables us to maintain our position in what is a competitive sector.”
RGS operates nationwide with clients in both the public and private sectors and handles all aspects of ground investigation including fieldworks, in situ testing, geotechnical and contamination laboratory testing, subsidence/heave investigation, geotechnical and environmental consultancy.
Finance Yorkshire investment director Paul Gower, said: “RGS is an innovative, family business with a strong reputation for providing quality services.
“We’re confident our investment will support RGS in growing in size and scale, serving current and newly acquired customers.”
RGS was advised in the deal with Finance Yorkshire by Cathy Cook, of Jordans Solicitors in Wakefield and Martin Bown, of My Management Accountant in Huddersfield.
To date, Finance Yorkshire has made 617 investments totalling more than £77m.
Finance Yorkshire provides seedcorn, loan and equity-linked investments ranging from £15,000 to £2m to help small and medium-sized businesses meet their funding requirements for growth and development.
It has attracted £30m investment from the European Regional Development Fund, £15m from UK Government and £45m match funding from the European Investment Bank.
