14th January 2009
Dow Schofield Watts LLP has advised the shareholders of Building Automation Solutions on its £5million fund raising.
Building Automation Solutions (BAS), the Altrincham-based building management systems company bought out from Siemens in 2006, has secured a £5m funding package from the Manchester office of Yorkshire Bank.
BAS, installs and maintains building management systems, which control services such as heating, security, access, audio-visual systems, ventilation and filtration.
Its customers include Asda, Total Fitness, DHL and Westland Helicopters as well as facilities management companies, and public sector bodies.
The company has offices in Birmingham, Gateshead, Leeds, Egham in Surrey, Glasgow and Chepstow.
Yorkshire Bank directors Peter Smith and Ian Hardman from the Corporate & Structured Finance team in Manchester worked on the transaction.