Expansion plans heat up at family-run boiler business
A SECOND generation family business is heating up its expansion plans.
A £500,000 funding pot from Finance Yorkshire will enable JBC Industrial Services to expand across the UK.
The company, which is based in Hull and Leeds, was formed in 1978.
John Bashall initially launched the company, and it is now owned by his son Jamie.
JBC specialises in industrial boilers and combustion equipment. It includes manufacturers such as Bentley, Warburtons and Coors Brewery and a multitude of SMEs.
The company turns over £6m a year, and employs 70 people.
It will use its equity linked fund to drive efficiency and create new jobs.
Jamie Bashall, managing director of JBC Industrial Services, said: “Our key sector is food manufacturing, where a reliable supply of hot water and steam is crucial for production. If they lose production, companies can lose huge amounts of money.
“We have identified gaps in the market for a remote monitoring and outsourcing solution and will be introducing some exciting new technology next year.
“We want to push for growth and develop our market share nationally.”
Paul Gower, investment director at Finance Yorkshire, said: “We have been aware of JBC for many years and continue to be impressed by its growth, led by an experienced management team. The company is expanding its geographic reach and introducing innovative products to the market, so we predict a bright future.”
JBC Industrial Services was advised by Sarfraz Khan of Isaacs Corporate Solutions and Chris Schofield of Schofield Sweeney. Finance Yorkshire was advised by Ed Brown and Lynn Cantwell of Walker Morris.
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