Investment helps biometric security business grow

Investment helps biometric security business grow

A company in Liverpool that specialises in biometrics security and CCTV installations is expanding after securing funding from MSIF through The North West Fund for Micro Loans.

Amaco develops and installs biometric systems, secure turnstiles, monitored CCTV camera solutions and permanent intruder alarms predominantly for use in new buildings and on construction sites.

The company uses hand and fingerprint recognition technology to control access areas in and around their customer sites.

The technology can be used to monitor time and attendance records for a host of different purposes such as sub-contractor timesheets, wages, health and safety, productivity implications, commercial disputes and program analysis performance to improve efficiency on site.

The company was launched in 2014 by Andrew McCutcheon who spent 16 years working in the security industry prior to setting up the business.

MSIF provided a £49,950 loan earlier this year through The North West Fund for Micro Loans which has now been used to take on staff and for capital purchases.

McCutcheon said: "Since setting up the business, I've been running it alone, but needed the funding to recruit staff so that I can take on and service more contracts."

"I've taken on two full time engineers and also use four sub-contractors, with the plan of taking on a further four staff by the end of the year. Since the funding, I have secured contracts worth over £500,000.”

MSIF investment manager Sue Chambers added: "Over the last couple of years the construction market has steadily improved and confidence appears to be returning.

"This business has a lot of growth potential and it's great to see that our support has already made a significant difference to Amaco's turnover."

 

 

 

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