Ambrey Baker raises £5m to scale industrial projects business
What's the deal? Ambrey Baker, a Lincolnshire company that designs and builds industrial facilities for food, pharmaceutical, and defence manufacturers, has raised £5 million to fund its growth. The funding comes from the Midlands Engine Investment Fund IIDealroom has a profile for this one. Try Dealroom →, through fund manager Mercia VenturesDealroom has a profile for this one. Try Dealroom →.
What does it do? The company handles projects across the UK and Ireland for regulated industries including food and drink manufacturing, cold storage, chemicals, and defence. Its services span feasibility studies, design and build, refurbishment, decommissioning, and relocation. Clients include Samworth BrothersDealroom has a profile for this one. Try Dealroom →, 2 Sisters Food Group, WarburtonDealroom has a profile for this one. Try Dealroom →'s, and Ginsters.
Why now? Founded in 1988 by Reg Baker, who runs it with fellow director Paul Waldeck, the Sleaford-based firm has more than doubled revenue in the past three years and is on track for a further 50% increase this financial year. It employs about 70 permanent staff and has completed more than 200 projects in the past two years.
What's the money for? The funding will let Ambrey Baker expand its team and scale the business. "After almost 40 years in business, we are entering an important new phase in the company's development," said Baker. He added that the goal is to become the "go to" company for capital projects across complex regulated industries.
The signal: Mercia's Hannah Tapsell-Chapman said the investment will help "establish Ambrey Baker as one of the leading independents of its type." Recent work includes a production hub in Telford for pet food maker Different Dog and a warehouse conversion in Leicester for Samworth Brothers — signs of steady demand for specialist industrial builds in regulated sectors.
Read more: insidermedia.com
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