21/08/2015

Established Merseyside medical systems company expands with £250,000 loan from The North West Fund for Loans Plus

An international medical systems integrator based in Birkenhead is expanding thanks to a £250,000 loan from The North West Fund for Loans Plus managed by FW Capital.

Jones AV, which moved to new premises in Birkenhead earlier this year, is using the loan to equip a state-of-the-art showroom at its new premises with specialist medical audio visual (AV) equipment.

Having recently won a multi-million-pound contract to fit out 70 operating theatres at 4 hospitals in Norway, the loan will also enable the company to expand its sales and maintenance operations to fulfil the contract.

Established in 2008 to supply Sony with medical systems, Jones AV has since grown steadily and today the company is preferred distributor to most major manufacturers of specialist medical monitors, screens and other hardware.

With ambitious plans to increase its market share and boost its revenues from sales of this equipment over the next 2 years, Jones AV will use the loan from The North West Fund for Loans Plus to implement a marketing campaign and stock up with key products to improve order fulfilment times. 

“Jones AV is a small, dynamic business and we can provide our clients with complex, bespoke solutions as well as off the shelf products.  We’ve grown steadily since 2008 and we are keen to continue expanding.  The medical service sector is growing rapidly and there are significant opportunities for us to target in future.

“Moving to new premises in Birkenhead is key to our future success and securing the loan from The North West Fund for Loans Plus has provided the capital we needed to make some important changes.  We’re using the loan to equip our new showroom, expand our sales and maintenance arms and also boost our stocks of fast-moving products”, Managing Director, Ingo Aicher explained.

With long-term expansion plans in place, Jones AV expects to recruit 10 new staff in key roles in the next 2 years.

Commenting on FW Capital’s investment, Senior Investment Executive Andy Traynor said: “Jones AV is an established North West business supplying its international client base with a comprehensive range of medical AV systems.  Ingo and his team have many years’ experience in the healthcare sector and their expertise and knowledge is valued by customers and gives Jones AV a competitive edge.

The loan from The North West Fund for Loans Plus has provided Jones AV with the backing it needs to expand in its existing markets and capitalise on the capabilities it has built up in planning, design and delivery to secure more high-value fit-out and maintenance contracts."

The £45 million North West Fund for Loans Plus can lend between £50,000 and £750,000 to North West businesses. It is part of the £155 million North West Fund, which is provided by the European Regional Development Fund and the European Investment Bank.

North West Fund Loans Plus