Laboratory supplier signs six-figure deal to grow

LABORATORY products supplier Gem Scientific has signed a six-figure financing deal with NatWest as it looks to continue on its growth trajectory.

The Batley company supplies lab equipment within the UK to the food and beverage, pharmaceutical and manufacturing industries.

It was established in 1997 and has now created several employee positions, with the support from NatWest being used to support its growth strategy.

Justin Welton, managing director of Gem Scientific, said: “We offer a ‘personal ‘ service to our customers and believe our knowledge of the marketplace, product innovation and new solutions, attention to detail, responsiveness and customer focussed service, allied to market leading products sets us apart from our competitors. It’s also why we continue to grow as a business.

“The funding from NatWest has provided the appropriate financing required such that we can invest in new people and resources to execute our plans to grow and develop the business.”

NatWest structured finance director James Burgess supported the deal. He said: “We were delighted to support Gem Scientific on this funding agreement. The management team at Gem Scientific have a clear vision for the business’ future growth and I wish them every success.”