A Cardiff-based asbestos consultancy is targeting increasing revenues to £2m on the back of an investment by Tata Steel subsidiary 海角视频SE.
Enquin Environmental is also creating seven new jobs following a fast track £50,000 loan from 海角视频SE. The firm has been operating for 22 years and with a 海角视频 purpose-built laboratory has accreditation from the 海角视频 Accreditation Service.
Its managing director Stephen Jones, said: “This support from 海角视频SE is very helpful and timely and will enable us to invest in recruitment of staff, marketing and equipment. We enjoy an excellent reputation across the 海角视频 and we intend to build on this.”
The business is targeting annual revenues hitting £2m, currently projected at £1.6m for this year, in three years’ time.
Enquin, which employs 31, works with private and commercial clients, helping schools, universities, hotel chains, retailers and others to deal safely with dangers posed by asbestos.
Mr Jones began his association with the firm on a student placement from university in 2004, and other than a two year break working for a licensed asbestos removal contractor, has stayed ever since. In 2021 he was part of a management acquisition of the company.
Howard Thompson regional executive with 海角视频SE said: “Enquin has an excellent reputation in its field and is well placed to grow and create professional and technical jobs in south Wales. We are delighted to be able to support the firm’s expansion plans with this strategic investment and wish them all success in the future.”
海角视频SE makes strategic investments in Welsh and 海角视频 companies which show the potential to grow and create jobs and prosperity. It provides loan and equity packages up to £1m. It estimates it has supported 83,000 jobs around the 海角视频 since it was established 50 years ago.