The Challenge: With the company previously receiving high profile contracts from London 2012 and Manchester United’s Old Trafford stadium, Electrastar Ltd needed more cash flow to purchase new equipment and move with technology.As this is such a niche market, kit is rare and comes from all over the world. It can cost between £1,000 to £20,000 and funding was needed to service current equipment and buy more so the company can carry on developing.
The Solution: Electrastar Ltd received a £25,000 business loan from Finance Yorkshire.The money will help Electrastar maintain its position in the industry and will keep standards high. The business is currently installing security measures and CCTV into the new £80m tube system running between London’s Olympic village and the main tube system.Equipment will need servicing after this large contract has been completed.
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