Aycliffe Business Issue 66 | Page 24

Ebac chairman John Elliott with one of the new air-sourced heat pumps being manufactured by the Aycliffe firm .
£ 4m facility will fuel Ebac growth plans

EXPANSION

John Elliott tinkers with one of the heat pumps Ebac are manufacturing at their Aycliffe site .

PLANS BOOST

Leading UK manufacturer Ebac has secured a £ 4m asset-based lending facility from Cynergy Business

Finance ( CBF ) to fuel its expansion and sustainability initiatives .
With a rich legacy spanning over half a century , Ebac has become synonymous with innovation , quality and community support .
With a deep-rooted connection to County Durham , Ebac is currently the sole dehumidifier and washing machine manufacturing plant in the UK .
Ebac ’ s visionary approach extends to the introduction of new heat pumps . Ebac produced its first heat pumps more than 30 years ago when the feasibility was not what it is today with Net Zero targets .
Its unit includes a unique feature which reduces running costs without inflating the purchase price making it a very attractive proposition .
The business has also introduced a new Dehumidification with Heat Recovery ( DHR ) system , strategically placed in lofts to address moisture-related issues like dampness and condensation .
By utilising advanced artificial intelligence , the new system minimises energy consumption by only running when required . Other systems run continuously even when the excess moisture has been removed .
In order to support this transformative
its financial advisor , TSF .
Ebac and TSF worked with the CBF team to secure a flexible facility that complemented its current structure and would support its strategic growth plans .
Ultimately , the CBF team were able to provide a £ 4m flexible facility , comprising a
£ 2.5m invoice discounting facility and £ 1.5m inventory financing .
This new financial injection will play a pivotal role in the company ’ s expansion of its new product ranges , with a primary focus on the development and introduction of its cutting-edge heat pump offering .
Ebac chairman John Elliott said : “ I am delighted that Cynergy Business Finance has recognised the huge potential of our new products .
“ Our innovative design teams spent time during the pandemic designing two products that address new legislation designed to make homes carbon neutral and free of damp .
“ Both the heat pumps and DHR system represent the future for the Ebac business and our forward production and financial planning are based around bringing them to the market quickly in the second half of 2023 .
“ We were badly hit by the pandemic as
sales fell and components were held up in the supply chain crunch , but we decided to push ahead with the R & D investment , the result is that , with CBF ’ s support , we are ready for the market and mass production will start soon .”
Dan Burton , executive director at Cynergy
Business Finance , said : “ We are thrilled to partner with Ebac to support them on this next stage in their growth journey .
“ John and the team ’ s longstanding reputation and dedication to innovation stands Ebac well in this next stage , particularly given the team ’ s focus on sustainable practices and innovations .
“ We look forward to witnessing their continued success and impact on the British manufacturing sector .”
TSF Finance director Alan Anderson added : “ The outstanding growth and profound action by Ebac throughout its long history is testament to the strength of its team .
“ Witnessing the strong relationship between Ebac ’ s visionary approach and CBF ’ s financial expertise has been truly inspiring .
“ This collaboration is a testament to what can be achieved when visionary leadership meets strategic financial support , and the opportunities this can unlock in-turn .”
journey , Ebac was introduced to CBF team by
For more information about Ebac and their products , visit ebac . com .
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