Coalfields Funds

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The Coalfields Funds complete investment in P & M Fabrications Limited

03.05.2006

Coalfields Fund has completed an investment in PMF Products Limited, alongside management contributions and the company’s Bank.

The company, located in the coalfield ward of Sherburn-in-Elmet in Yorkshire, manufactures and supplies a range of storage and sports equipment, predominantly for the education sector via a network of national distributors and major educational purchasing organisations.

As well as manufacturing a wide range of products from raw materials, PMF Products also provide a bespoke design and supply service to commercial customers.

Paul Taberner, Coalfields Enterprise Fund Investment Director, said, “We are delighted to be able to provide the funding to P & M Fabrications – the company has a strong management team, who have spotted a niche in the market, with great commercial prospects and the potential to branch out into a number of areas and further widen their customer base”.

“As well as employing its entire workforce from a coalfield area, the manufacturing process further supports the local infrastructure, by subcontracting to local companies, who are integral to the production process”.

Stephen Lane of PMF Products said, “This is a very exciting time for the company – tthe funding from the Coalfields Enterprise Fund will help the Directors to take the business to the next level of development and gain national recognition with our network of distributors”.

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