Dental laboratory all smiles with Northern Powerhouse funding

Greater Manchester-based Premplus Dental Labs is investing in new equipment and creating jobs following an investment from the Northern Powerhouse Investment Fund (NPIF).

NPIF – FW Capital Debt Finance, managed by FW Capital, has backed the company based in Atherton with a six-figure loan.

Premplus Dental provides a range of dental services such as crowns, bridges, orthodontics, prosthetics and implantology as well as 3D CAD/CAM digital dentistry to dental practices across the UK.

Paul Leung, owner and managing director, established the business in 2011, which has grown to become a leading provider of 3D CAD CAM digital dentistry services.

Over the last few years, the business has grown its 3D Digital Dental Services and recent client wins have prompted the investment in additional equipment.

Leung said: “FW Capital quickly understood the opportunities we have in the 3D Digital Dental services market and were keen to support us.  The loan will allow us to service a rapidly growing client base and to ensure more dental practices can benefit from this important evolution in the market.”

Loz O’Connor, investment executive at FW Capital, said: “Paul has grasped the opportunity to expand his product offering in an exciting part of the dental market and we were delighted to provide a loan to this successful Manchester-based business.”

Grant Peggie, director at British Business Bank, added: “Premplus Dental is the type of growing business we aimed to support when we launched the Northern Powerhouse Investment Fund, earlier this year.

This deal highlights not only the ongoing work happening behind the scenes by our fund managers but also the high level of innovation and entrepreneurship taking place in Greater Manchester and across the Northern Powerhouse region.”