EDINBURGH’S IES EXPANDS WITH SANTANDER FUNDINGNews
Posted by: electime 27th February 2018
Ideal Electrical Solutions (UK) Limited (“IES”), an Edinburgh-based electrical contractor, has secured a funding package from Santander Business Banking to support the expansion of its headquarters in Edinburgh. The new premises will allow IES to expand and grow as a business.
IES, set up by Mark Denholm in 2008, has grown into a team of six office staff and 14 electrical engineers. Their customer base ranges from residential homeowners, landlords, letting agents and residential and commercial developers. EIS worked on a project recently that involved the renovation of a 282-room Edinburgh hotel. The project was within budget and was completed in time for the Edinburgh Festival.
The funding from Santander Business Banking has allowed the team at IES to purchase a property adjacent to their offices as part of their expansion plans. The additional space will provide more space for contractors and additional staff, and will also be used as an employee training centre and event space to host current and prospective clients.
Mark Denholm, Director of Ideal Electrical Solutions (UK) Limited, said: “Having set up the business on my own 10 years ago, it’s truly exciting that we are now a 20 staff team winning large contracts across Edinburgh. The new property will provide us with significantly more space to handle larger contracts and is key to our future expansion plans.”
Relationship Director of Santander Business Banking, Sean Millan, said: “Ideal Electrical Solutions has positioned itself very well against its competitors, particularly given its ability to take on both large and small domestic and commercial contracts. The business has also switched its full service banking to Santander so we look forward to working with Mark and the team to help them capitalise on new growth opportunities.”