West Yorkshire family business heats up with £500k investment

A family business, which services and repairs industrial boilers and combustion equipment, is to roll out a UK-wide expansion after receiving a £500k funding boost from Finance Yorkshire.

With offices in Hull and Leeds, JBC Industrial Services was formed in 1978 by John Bashall. The business, now owned by his son Jamie, delivers a UK-wide, 24/7 call out service for clients across a range of industries.

JBC’s clients include manufacturing giants Bentley Motors, Warburtons and Coors’ Brewery as well as many SME’s.

The business, which has a turnover of £6m and employs around 70 people, recently opened several regional offices, enabling JBC to offer an enhanced scope of engineering services.

JBC has now received a £500k investment from Finance Yorkshire’s Equity Linked Fund, which includes profit participation. This means the company can receive funding without selling equity.

The money will be used to carry out the nationwide expansion, invest in technology and customer service and create new jobs.

The ‘Ecosafe’ digital control system launched in 2010 will be developed to include additional features capable of controlling and monitoring boilerhouses.

Using a new remote real time system, JBC’s engineers can monitor and analyse boilers from any location. They can advise customers on how to reduce energy costs and increase efficiency by upgrading their equipment.

Jamie Bashall, managing director of JBC Industrial Services, said: “Our key sector is food manufacturing, where a reliable supply of hot water and steam is crucial for production. If they lose production, companies can lose huge amounts of money.

“We offer a free, 24/7 service across the UK. There is always an engineer available, no matter what time of day. This is one of our competitive advantages.

“We have identified gaps in the market for a remote monitoring and outsourcing solution and will be introducing some exciting new technology next year.

“We want to push for growth and develop our market share nationally.”

Paul Gower, investment director at Finance Yorkshire, added: “We have been aware of JBC for many years and continue to be impressed by its growth, led by an experienced management team. The company is expanding its geographic reach and introducing innovative products to the market, so we predict a bright future.”

JBC Industrial Services was advised by Sarfraz Khan of Isaacs Corporate Solutions and Chris Schofield of Schofield Sweeney. Finance Yorkshire was advised by Ed Brown and Lynn Cantwell of Walker Morris.

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