Manchester-based Vickers Electronics to drive exports with £412k loan

Energy management firm Vickers Electronics is looking to drive growth after securing a loan of up to £412k.

The Manchester-based company, which creates systems for slashing energy consumption in commercial and industrial buildings, will use the six-figure boost from Enterprise Ventures SME Loans to build its presence in export markets.

In particular, Vickers will work on securing new clients in the US.

Chris Pestell, an investment director with Manchester-based Enterprise Ventures, which acquired an equity stake in Vickers five years ago, said: “Vickers’ systems have a unique position in the market with no real direct competitors.

“As they offer significant savings, heavy energy users can quickly recoup their initial outlay as well as cutting their carbon footprint.”

He added: “There is a huge potential market for Vickers’ products. This latest funding will allow the company to step up its sales drive in the UK and help it establish a presence in lucrative overseas markets.”

Established in 1991, today Vickers employs 26 across its Trafford Park HQ and an office in Worcester.

The firm’s customer base includes a number of national and international brands, such as pharmacy chain Boots, automakers Volvo and Rolls-Royce, Royal Mail and baking company Warburtons.

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