Latest news
CEF completed investment in TransGlobal Payment Solutions Limited
The Coalfields Enterprise Fund has provided investment to the company as part of a £1 million funding round to provide development and working capital
CEF completes further investment in CoreRFID Limited
The Coalfields Enterprise Fund, established to support SMEs in the former English coalfield regions, has completed a further investment in CoreRFID Limited
CEF provides further funding to Caspian Learning Limited
The Coalfields Enterprise Fund has completed a further investment in North East-based Caspian Learning Limited as part of a £1.5 million funding round
Press Releases
The Coalfields Enterprise Fund, the venture capital fund managed by Enterprise Ventures on behalf of Communities and Local Government, has completed an investment in Two Wests & Elliott Limited as part of a total funding package of £700,000 to support a management buy-out.
29/01/2008
The company, based in Chesterfield, manufactures and supplies greenhouses and related gardenng products, tools and equipment, propogation supplies, cold frames and cloches, by mail order.
The company was formed some 30 years ago by Christopher and Josephine West, who sold the business to a larger national organisation in 2000. The company's website, launched in 2001, now offers more than 2,000 products and it publishes three customer catalogues each year.
Managers, Peter Bennett and Lucie Bradley will now take share ownership of the company through the management buy out which has been financed by the Coalfields Enterprise Fund alongside Alliance & Leicester.
Wayne Thomas, Investment Director at Enterprise Ventures, commented, "We are pleased to have been able to support the management buy out of the company - we feel it has great potential for further growth and we look forward to working with Peter and Lucie to make their company a continued success".
Peter Bennett, Managing Director at Two Wests & Elliott, said, "The funding from the Coalfields Enterprise Fund has enabled us to take full ownership of the business and we are looking forward to working with their investment team in the future".
Lucie Bradley, Marketing Director at Two Wests & Elliott, commented, "Our aim in building the business is very simple - to supply sensible products, at sensible prces, together with provising expert advice to those gardeners needing extra guidance. We will also focus on customer retention as well as acquisition with a view to building a strong and committed customer base".