Success Story
| Region/Nation | Scotland |
|---|---|
| Programme | Enterprise Capital Funds |
| Partner |
Originally established in 1999, Edinburgh-based Photonic Solutions distributes, installs and provides technical support of high powered, complex laser systems to the UK scientific and industrial market. Delivered by a team of highly qualified scientists, Photonic Solutions provides testing, modification, user training and servicing of equipment to its customers.
In order to fund a management buyout and purchase the company from the retiring founders of the business, the existing employees sought debt and equity funding, and were introduced by a Non-Executive Director of the business to British Business Bank partner, Panoramic.
Photonic are targeting 10% growth per year over the next 3 years with the ultimate aim of full ownership within that time frame.
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