Based in Creswell, Derbyshire, YBS will use the funding to invest in new production machinery to increase its output capacity, as well as strengthening its sales and marketing function with the deal said to help the firm continue to generate new business opportunities by enhancing its digital presence, improving its e-platform and growing its social media presence.
YBS specialises in producing building insulation products for private homes and the construction sector such as multi-foil insulation, bubble laminates, cavity closers and foil membranes. Using its on-site laboratory and testing facility, YBS has developed a product range that is thinner, lighter and more energy efficient than traditional products that are on the market such as those that are made of mineral wool and polyisocyanurate (PIR) board.
The business already supplies UK builders’ merchants and DIY retailers such as Screwfix, Wickes, Toolstation and Homebase, in addition to retailers in Europe.
Simon Sharkey, Managing Director at YBS, said: “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. Investment Director Jonathan Lowe and Maven have been instrumental in securing this investment and we at YBS are looking forward to building on this relationship.’’
Jonathan Lowe, Investment Director for Maven, added: “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 is well placed to expand further at its site in North Derbyshire.”