CHP specialist targets £3m turnover after funding deal
FAMILY-run Macclesfield business Tomkinson Heating is targeting a £3m revenue milestone as it secures a contract worth £500,000 with a major UK hotel group to install combined heating and power (CHP) systems at a number of the company’s hotels across the UK.
The Royal Bank of Scotland has supported this growth with £156,000 finance facilities.
The Ashford International Hotel in Kent is the first hotel in the group to receive the CHP which will help meet the group’s long-term strategy of halving its energy costs over a 10-year period.
The next hotel in line to receive this energy efficient system is based in Crewe. Long-term, Tomkinson is currently evaluating all hotels in the group for viability of CHP.
Tomkinson Heating CHP systems generate gas into electricity to produce savings of 35% on current electric costs. Tomkinson charge the hotel an amount for the energy costs each month to allow the free installation of the 140kw CHP unit.
Established in 1951, Steve Tomkinson took over from his father 35 years ago and is now an employer of 30 staff including two sons, daughter and brother. They have organically grown the business to provide heating systems for domestic and commercial companies across the UK.
Due to the company’s strong engineering background, over the last 10 years Steve has pushed to be at the leading edge of greener heating systems.
This innovation has allowed Steve to develop Tomkinson Heating into a £2.4mi business which he intends to increase to £3m by the end of 2016 as a direct result of the latest contract win with the major UK hotel group.
Managing director Steve Tomkinson said: “We have diversified over recent years and still look to the domestic side of our business as our bread and butter whilst expanding our commercial side with our specialist knowledge of Gas and Wood chip CHP systems. Our recent contract win (among others) will boost our revenue organically to help us get a foothold in the leisure industry which we fully intend to build on purely down to the energy costs saved per year.
“Our staff are employed locally and travel to wherever our clients need us across the UK. They are specialised in what they do and receive full ‘on the job training’ to build on their skillset. These engineers are helping us to meet the demands we are seeing in the green energy market and paving the way for a brighter future.”
Andrew Adshead, senior relationship manager at Royal Bank of Scotland, added: “The Tomkinson family have been well known to us over a number of years. Each generation has something new to explore in their field and this helps them experience further growth.
“We are delighted to support Steve and the team with the latest round of funding and allow them to work with a major hotel group which moving forward they will look to replicate across other hotel groups here in the UK.”
