One of the UK’s leading building insulation manufacturers, YBS Insulation has received a £250,000 loan from the MEIF Debt Fund, East & South East Midlands Debt Finance managed by Maven.
The business specialises in the production of building insulation products for private homes and the construction sector such as multi-foil insulation, bubble laminates, cavity closers, and foil membranes. Based in Creswell, Derbyshire with their own on-site laboratory and testing facility, YBS has developed a product range that is thinner, lighter and more energy efficient than more traditional products that are on the market such as those that are made of mineral wool and polyisocyanurate (PIR)board.
Building a solid customer base over the years, YBS already supplies to all the major UK builders’ merchants and DIY retailers such as Screwfix, Wickes, Toolstation, and Homebase in addition to retailers in Europe. Despite the wider impact of Covid-19, demand for YBS’ products has also increased during the pandemic as households have spent time and money on their properties.
YBS have been operating within the insulation market for over 25 years. This latest funding package will enable the business to meet ongoing customer demand and to improve efficiency by investing in new machinery. The deal will also help YBS continue to generate new business opportunities by enhancing its digital presence, improving its e-platform and growing its social media presence.
The business has achieved so much recently, including the coveted “Made in Britain” membership in 2019 and the launch of new and improved products such as the “YBS BreatherQuilt”. With the insulation market projected to grow to £27.4 billion by 2024, YBS are well positioned to capitalise on this forecasted growth.
Jonathan Lowe, Investment Director for Maven adds: "We are delighted to support Simon and his team with this MEIF loan as YBS look to develop to the next stage. Increasing numbers of property owners in the UK and overseas are seeing the benefits of investing in energy efficient insulation and YBS are well placed to expand further at their site in North Derbyshire."
Simon Sharkey, Managing Director at YBS comments: "This marks another exciting milestone for YBS as we look to continuously improve our customer offering though new product developments and improved efficiency. We have significantly advanced the business over recent years, but this will provide the investment to really accelerate our plans. Jonathan and Maven have been instrumental in securing this investment and we at YBS are looking forward to building on this relationship."
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