Testing firm secures £100,000 growth finance
A Warrington-based company which provides drug, alcohol and DNA testing services, has secured a £100,000 loan from NatWest to support its expansion plans.
Alpha Biolaboratories is looking to expand to other parts of the country after establishing a network of clients throughout North of England.
It is one of seven DNA testing labs in the UK and expects to grow its £1m turnover as awareness and demand for its services increases.
The finance was arranged through the Enterprise Finance Guarantee scheme whereby the Government underwrites bank loans to ensure businesses can access growth finance.
Set up in 2004, by biochemist David Thomas and nurse Will Thomas, Alpha carries out drug and DNA analysis on behalf of law firms, civil courts, local authorities, public and private sector organisations.
Earlier this year the company, which employs 18 staff, relocated to new office and laboratory facilities at Carina Park in Warrington.
Managing director David Thomas said: “Having established a client base in the North West and North East of England our strategy is to grow the business by raising awareness in other parts of the country, particularly the Midlands.
“Our approach is provide a fast and bespoke analysis catering for the specific needs of each client and we are confident this strategy will help grow Alpha Biolabs.”
