Black Diamond secures investment deal
A SOUTH Yorkshire security technology business is set to make further investments in fixed and mobile CCTV equipment after securing a funding deal.
Black Diamond Security, which operates primarily in the rail and construction sectors, has landed a £60,000 loan from Finance Yorkshire’s Business Loan fund.
The business was formed in 2010 by directors Martin Hawley and Ian Raeburn, who used their previous experience in rail and construction to establish a technology-led service which meets the needs of clients in the infrastructure and utilities, industrial and commercial sectors. They include Network Rail, Keir and Babcock.
The firm was recently selected by VINCI Construction UK to fulfil a six-month contract that involves providing manned guarding and asset protection at Nottingham Train Station’s multi-storey car park.
Mr Hawley said: “Our client is Network Rail and we therefore had to be RISQS approved prior to securing the contract. This is the UK rail industry supplier scheme which provides a common registration, qualification and audit process for suppliers to the industry, and it confirms that we operate to the highest possible standards.”
Black Diamond has developed, in-house, a range of fixed and rapid deployment camera systems, specifically for the rail and construction sectors.
The boost from Finance Yorkshire will allow the business to invest in similar high-tech security equipment, the demand for which is currently outstripping supply.
Mr Hawley said: “The demand for high tech security equipment including both fixed and mobile CCTV systems, offering features such as time-lapse photography, has never been higher, and the Business Loan from Finance Yorkshire will play a vital role in helping us meet the demand.”
Finance Yorkshire’s David Ward added: “Black Diamond Security has capitalised very effectively on the previous industry experience of directors Ian and Martin, and in a short space of time has established itself with a raft of major clients.
“Its focus on technology and the highest industry standards has clearly reaped rewards, and we’re delighted to support them as they continue to grow.”
Black Diamond Security also received investment from Handelsbanken.
