Berkshire Business Secures Expansion Loan

Berkshire Business Secures Expansion Loan

A company that specialises in the supply, installation and maintenance of energy and grease management systems is the latest company to be supported by the Thames Valley Berkshire Expansion Loan Scheme. Quintex Systems provide innovative solutions designed to enable energy users to meet their environmental targets, improve profitability and add value.

Keith Stevens, Managing Director at Quintex Systems, said, “We are world leaders in smart technology for commercial kitchens, focused to drive energy and operating costs down, across hotels, restaurants, supermarkets and commercial catering operators. We also very proud to offer a UK manufactured service with everything done in house from design to installation and ongoing monitoring and maintenance. We operate from our base in Finchampstead, Berkshire and have clients across the UK, throughout Europe and the Middle East. This funding comes at an exciting time for the development of Quintex and our products, as we look to rollout our services to South East Asia, Australia and the United States.”

The £300,000 Loan will be used to fund the sales and marketing expansion of the Quintex team, with the creation of two new sales associate positions. The funding has also enabled the company to focus on their brand image – with a new website developed, that went live earlier this year.

Cheryl Weeks, Fund Manager at The FSE Group which manages the TVB Expansion Loan Scheme on behalf of Thames Valley Berkshire Local Enterprise Partnership (LEP), comments, “We are delighted to be supporting Quintex in this next phase of their expansion and development. Keith has built up a management team that is highly skilled in the retail and food industry. The company have an impressive client base of blue- chip customers, including major supermarkets and hotel and leisure operators. We are pleased to be able to provide funding support on this exciting journey and wish Quintex all the best for the future.”

TVB Expansion Loan Scheme is part of TVB Funding Escalator, an £11.3m initiative funded by Thames Valley Berkshire LEP. The escalator, which also includes a Trade Finance Loan Scheme and a Growth Equity Fund, provides eligible companies with loans and equity funding between £50,000 and £300,000 for activities that will deliver high-growth and employment opportunities.

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