Vimeo logo Twitter logo LinkedIn logo

Case Studies

Header icon
Back to Case Studies
Kidderminster-Petroleum-Services team photo

Kidderminster Petroleum Services (KPS)

Partner:BCRS

Location:Kidderminster

Kidderminster-Petroleum-Services team photo

A Kidderminster-based petroleum installation and service company has kick-started a new multimillion-pound contract after securing funding from local and regional initiatives.

Kidderminster Petroleum Services (KPS) has received £100,000 from the Midlands Engine Investment Fund alongside the Worcestershire Business Loan Fund with both funds managed and delivered by BCRS Business Loans. The investment will be used to help the company to grow and recruit five new members of staff.

This expansion has enabled the firm to secure a new contract with Rontec, one of the UK’s leading forecourt operators with 240 sites across England and Wales.

Steve Harrington, Managing Director at KPS, said:

“We are delighted to have a growing client base and we are working very closely with our clients in the Petrol Filling Station sector. KPS management team has over 100 years’ combined work experience in the petroleum industry and specialises in providing fuel pipework & dispenser installations and servicing as well as tank gauge installation & servicing, forecourt fabric, drainage & maintenance works.

“Securing new contracts is brilliant news for our business and with the support of this finance we have created five new jobs, taking our team up to thirty employees.”

Angie Preece, Business Development Manager at BCRS Business Loans, said:

“BCRS is committed to supporting KPS. We understand that expansion sometimes requires an injection of capital and by providing this finance the firm has been able to secure a huge new contract with Rontec.

“KPS is going from strength-to-strength, backed by a skilled and experienced management team. The firm’s growth is good news for the local economy, with employment opportunities being created for local people.

Ryan Cartwright, Senior Manager at the British Business Bank, said:

“The Midlands Engine Investment Fund was set up to plug gaps in access to finance and support growing companies. The funding can be used to secure and fulfil new contracts and train and upskill staff.

“We would encourage other Worcestershire companies seeking to grow to explore the finance available from MEIF.

The Midlands Engine Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.

Follow @midsenginv

The #MEIF has made over 403 investments since launch, providing £81m, with £55m private sector leverage, to businesses across the Midlands.

Hear more about the fund's impact below: https://t.co/e6iMThE2vx

Ever wondered what a day in the life of an investor is like?

Hear from our #MEIF fund managers below as they reveal what it is like supporting Midlands' businesses through the funding process.

https://t.co/heTNzAFSej

The #MEIF Quick Reference Guide provides an overview of the various types of finance available through the fund and their suitability for businesses.

Download it here: https://t.co/RngOaJw0eV https://t.co/OMsjwJ9phB
MidsEngInv photo

#MEIF Small Business Loans are well suited to entrepreneurs, early stage start-ups or established SMEs looking to grow.

Funding can be used to boost working capital, fund product development or purchase new equipment.

Find out more: https://t.co/9lrCRyWaqe https://t.co/LkPuDqDKKe
MidsEngInv photo

Birmingham-based 9 Wholesale secured a £150k funding boost from #MEIF and @B_C_R_S to support its cashflow and create three new jobs.

Read the full story in @insiderwestmids: https://t.co/WRvFk7S8nn https://t.co/Ogxorvz7tn
MidsEngInv photo
Find Out More

If you would like to meet with one of MEIF's appointed Fund Managers to talk in more detail please go to Funds Available to find the Fund Managers operating in your area

small business loans

Small Business Loans

£25k – £150k

Small Business Loans page
Learn More
debt finance

Debt Finance

£100k – £1.5m

Debt Finance page
Learn More
equity finance

Equity Finance

£50k – £2m

Equity Finance page
Learn More
proof of concept

Proof of Concept

Up to £750,000

Proof of Concept page
Learn More