Forensic Science Services
| NATURE OF BUSINESS | Forensic Science Services |
| STAGE OF DEVELOPMENT | Seeking second round (development) funding |
| AMOUNT REQUIRED | £250,000 (of a £350,000 package) |
| 20% EIS TAX RELIEF POTENTIALLY AVAILABLE | Yes |
| PREPARED TO HAVE MULTIPLE INVESTORS | Yes |
| EQUITY STAKE | Negotiable |
| INVESTOR PARTICIPATION | Non-executive |
| MANAGERIAL SKILLS SOUGHT | Strategic/business development |
| LOCATION | West Midlands based |
After Home Office deregulation in 2005, this was one of the first companies to sell outsourced forensic science services to police forces, crime agencies, solicitors, the MOD, the Prison Service and other agencies in the UK and abroad. It benefits considerably from the established reputation and contacts of its robust and rounded management team, which give it a strong competitive advantage in this fast-growing international market (£300m p.a. in UK alone). The team includes former senior managers and staff of the Forensic Science Service. Its non-exec Chair is a respected former Assistant Commissioner of the Metropolitan Police.
Since its launch with £800k from management, private investors and a regional matched investment fund, the company has established valuable strategic relationships within its market, started to develop its own-brand range of tests/packages, finished building its team of scientists and acquired the necessary specialist equipment. Sales started in January 2006, and in the first 9 months totalled £300k, rising at an impressive rate.
Capital is sought for the next round of business expansion and acceleration. Existing shareholders are ready to co-invest alongside the new shareholders who are being sought to expand its shareholder base. Up to £250k of the £350k package is provisionally reserved for new investors.
With its first mover advantage, the company is very well placed to be an attractive candidate for listing on a public market or for an exit via trade sale. Several unsolicited approaches have already been received.
Further information: University of Warwick Science Park Limited on 024 7632 3123