Thursday, August 22, 2013

News: Hydro-X expands with Southern HQ

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Hydro-X Water Treatment, a Rotherham-based specialist in water and air testing and Legionella risk assessments and control, is expecting to increase turnover by almost £1m over the next 18 months.

With a mobile team of technicians, the Dinnington firm delivers its core products and services to more than 10,000 locations across the UK. It specialises in inspecting and maintaining equipment that uses water such as industrial cooling towers and steam boilers and customers include Sainsbury's, The Disabilities Trust, The Midcounties Co-operative and the Lotus F1 Team.

Having doubled in size over the last four years to generate a turnover of around £5m, Hydro-X Water Treatment is already on course to reach £6m this year. Part of the growth is due to a new Southern HQ at Abbotts Business Park in Kings Langley, Hertfordshire.

Paul Wilson, marketing manager for Hydro-X Water Treatment, said: "We've had a satellite office servicing the southern region for many years, but due to the dramatic growth we've had in the south it made sense to establish a permanent presence here and one with space for our technicians and engineers to operate out of over a wider area."

To help finance the new site, Hydro-X secured funding from Lloyds TSB Commercial Banking under the Government-backed Funding for Lending Scheme (FLS) loan, having been supported in previous expansions.

Ben Kimball, relationship manager for Lloyds TSB Commercial Banking, said: "The FLS is ideal for businesses like Hydro-X Water Treatment, as under the scheme we are able to offer small business customers across all sectors a one per cent interest rate discount on all new loans and hire purchase facilities."

The Bank of England and HM Treasury launched the Funding for Lending scheme in July 2012 to further encourage business growth through discounted lending.

Wilson added: "The support form Lloyds TSB Commercial Banking has been an immense help in securing the new site, and we look forward to building upon this growth in the coming year, and possibly opening other regional bases in the near future."

Hydro-X Water Treatment website

Images: Hydro-X

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