Security start-up unlocks funding deal
A Hull-based security start-up has secured a five-figure funding boost to bring its latest product to market.
The device from SASHSTOP, which locks doors and windows preventing forced-entry while still allowing access in the event of an emergency, has been developed by business duo Alex Appelbe and Paul Batty.
The product was brought to market after Batty’s mother suffered from a fall in her home while it was locked. With 20 years’ experience as a locksmith, he was able to gain entry but knew many people in the same situation wouldn’t be able to help.
With funding from NatWest, the SASHSTOP was created and launched in time for MLA Expo, Europe’s largest locksmith and security exhibition trade show. As a result, it was given the ‘Best Product’ award.
The finance package agreed by the bank will allow the start-up to expand and grow, with around three jobs being created within the next 12 months.
Appelbe said: “The support from NatWest significantly accelerated the rate at which our product progressed from prototype to market. Sash Jammer is unique, securing a property from potential break-ins, while offering a quick, non-locking facility in the event of a fire and access in an emergency. It goes a long way in protecting the vulnerable, elderly and children.
“The positive feedback we’ve received for our product is encouraging. NatWest has given us a great deal of guidance, sharing our vision along the way.”
Simon Winterburn, relationship manager at NatWest, said: “SASHSTOP is a fantastic example of an ambitious start-up, born out of true entrepreneurialism. Its products and their components are all manufactured here in the UK and NatWest is proud to support a company having such a positive impact on the safety of its customers.”
