News : New direction in pipeline thanks to Rosebud
Tuesday, 21st June 2011
(PR11/0324)
A BURNLEY-based specialist company is expanding its work with support from Lancashire County Council's Rosebud business solutions.
This will allow Allied Pipefreezing Services to buy new specialist equipment, expanding the range of services they can provide and widening their future customer base. They will be able to take on larger, more valuable and increasingly profitable contracts.
This has been made possible through Rosebud Business Solutions - investment finance and development support from Lancashire County Council.
The family-owned company handle the technical provision of on-site pipe freezing, under pressure drilling services and line stopping services within a wide range of industrial and commercial environments.
Their customer base includes oil rigs, hospitals, construction businesses, utility providers and schools, as well as commercial and industrial enterprises.
The business was founded in 1994. It is run by husband and wife Duncan and Anne Paddock, with sons Carl and Garth.
From starting out in a back room of the Paddock family home, they are starting the process of handing the business over to their sons.
Carl Paddock, managing director of Allied Pipefreezing Services Ltd said: "The investment we are making in this new equipment will help to strengthen and expand the scope of our current services.
"We will be better placed to tender for larger contracts more competitively, offering real value for money to our existing customers and winning new ones along the way."
County Councillor Michael Green, Lancashire County Council's cabinet member for economic development, environment and planning, said: "Investment and growth in the supply chain of the energy sector which is important to Lancashire, is absolutely essential if we are to see the prosperity of our county improve in these challenging times.
"We are particularly keen to finance companies in specialist fields who invest in technology and capital equipment and who can demonstrate strong growth in the future."
Pipefreezing is a non-intrusive method of isolating a pipeline for repairs or replacement. It uses advanced technology to carry out a ‘break in’ on the pipeline with minimal disruption. It offers a proven, cost effective, reliable and environmentally-friendly solution.
Councillor Green added: "Rosebud could be all or part of the answer to your business growth plans. Rosebud backing brings with it advice and support to help you achieve those growth targets.
"Any companies that would like to explore their business ideas further can contact Lancashire County Developments Limited to find out about the help available to hit their ambitious growth plans".
Funding for Rosebud is provided by Lancashire County Developments Ltd - the county council's economic development company - as part of the council's broad package of investment and advice. It is managed on their behalf by Enterprise Ventures.
Rosebud business solutions is a unique offer to Lancashire business combining flexible finance with customised support and advice. Finance is available from £2,000 to over £1m for businesses at all stages of their development, from start-ups to more mature businesses with ambitious expansion plans.
With over 26 years' experience of investing in Lancashire, Rosebud was re-launched last year with a larger and more flexible finance offering, designed to appeal to Lancashire companies seeking funding to support their growth and expansion.
For more information about Rosebud visit www.lancashire.gov.uk/rosebud, email rosebud@lancashire.gov.uk or contact 01772 536 652.
For more details about Allied Pipefreezing Services visit www.alliedpipefreezing.co.uk or contact 01282 410240 or email info@alliedpipefreezing.co.uk