Financial backing secured for environmental detection and monitoring company
Barnsley firm, Andel Ltd, has made a significant investment to make its operations greener as it focuses on future growth.
The Dodworth-headquartered company has secured a second round of financial backing from NPIF – FW Capital Debt Finance, which is managed by FW Capital and is part of the Northern Powerhouse Investment.
The six-figure investment is supporting Andel’s growth strategy which includes its journey to Net Zero.
It has introduced several green initiatives, including replacing its fleet of vehicles with electric cars, installing EV chargers at its head office for all staff, reducing its fossil fuel derived gas and electricity usage by 100%, and creating a wildflower meadow at its head office.
Founded in 1992, Andel offers design, development and application of specialist leak detection, water sustainability, flood defence and environmental protection systems. It has operatives throughout the UK and subsidiaries in The Netherlands and Romania.
Mark Harris, commercial director, said: “In 2020 we made a pledge to become Net Zero by 2025 and we’re well on our way to achieving this.
“Andel has gained an enviable reputation in our field for innovation and cutting-edge research and development.
“We’d like to compliment this by showing how important environmental sustainability is to us and do what we can to reduce energy consumption and waste.
“Throughout our journey we have been supported by Lindsey McMenamin and the team at FW Capital who have understood our ambitions and provided funding to help with the growth of the business.
“Sustainability is a key part of Andel, but with it comes short-term challenges and costs.
“The support from FW Capital has helped enormously, giving us a degree of financial flexibility, and allowing us to focus our efforts on future proofing the business.”
Lindsey McMenamin, portfolio manager at FW Capital, added: “Andel has made some important and impressive changes to their business.
“They have demonstrated a strong environmental commitment and I’m pleased to support them on their journey to becoming net zero.
“Being able to work with businesses like Andel who are championing green operations is extremely rewarding and is aligned with NPIF and FW Capital’s ongoing commitment to investment in sustainable businesses in the regions it operates.”