Doncaster based 8 Point 8 Vanguard Ltd was launched earlier this year as a sister company to 8 Point 8 Support Ltd, a company in the telecoms and renewable energy sectors.
The business loan will support the construction of 20 CCTV tower units which will enable 8 Point 8 Vanguard Ltd to manage site security and project management remotely.
Keith Summerill, the company’s finance director, said: "The tower units are taken to a site and left in place to allow us and the client to remotely monitor and manage the site operations. The units can remain on site for up to four months powered by their own source which is silent, and eco-friendly. Whilst on site they can also provide overnight security, which is also essential."
8 Point 8 Vanguard Ltd employs 10 people and provides a range of services including the provision of site monitoring units, van fit-outs for companies who require their fleet vehicles to have bespoke requirements for the work they are involved in, and the installation of intruder, fire, door entry and computer network systems to businesses that require them.
8 Point 8 Vanguard Ltd recently won a contract with Doncaster Robin Hood Airport to extend its monitoring systems. Keith said: "In just a few months we have grown the business and see further potential particularly in our site management offer to clients."
8 Point 8 Support Ltd – which employs 200 people – has national and international clients across a range of sectors including telecoms, construction and civil engineering and has also benefitted in the past from a Finance Yorkshire loan.
Melanie Reynolds, portfolio executive at Finance Yorkshire, said: "8 Point 8 Vanguard Ltd is led by an experienced management team with strong knowledge of the security sector. Our investment is supporting their on site management services which have the potential to attract new clients, thereby further growing the business and creating jobs in the Yorkshire region."