A Bristol-based manufacturer that builds specialist pumps for aquariums, zoos and entertainment parks, has boosted its green credentials to support its next phase of growth.
Apex Pumps, founded in 1988, has seen its turnover double since 2022. The business recently installed a 150kW solar panel system on its factory roof, using a £150,000 asset finance package from Lloyds Bank, supported in part by a CGFI scheme.
The installation of roof-top solar panels was also made possible by a £47,000 grant from the West of England Mayoral Combined Authority.
To improve energy efficiency, Apex Pumps also re-cladded its building, with the support of a £90,000 recovery loan scheme. The changes come as the business aims to swap in renewable energy sources to meet its target of being up to 50 per cent self-sufficient.
These updates will work alongside new factory floor updates, including the introduction of new specialist machinery – the Mazac Quick Turning Centre – purchased to improve productivity and maximise energy efficiency. Funded by an additional £150,000 facility from the bank, the machine will further boost the work that Apex Pumps can do in-house.
As a British exporter that sees more than 50 per cent of its products being shipped abroad, Apex Pumps is also setting a keen focus on maintaining its international reputation. Its skilled workforce is a key driver of this, with the business placing a keen focus on developing its future talent pipeline through apprenticeships and upskilling.
With 27 employees, Apex has employed many of its staff from straight out of college, taking them from apprentices to experts.
Managing director Andrew Simpson said: “Although most people might not be aware, the pumps we produce are crucial elements of many types of machinery that make everything from crucial industrial processes to their visits to entertainment parks possible.
“Overhauling our manufacturing methods and becoming more self-sufficient when it comes to energy usage, boosts our sustainability and competitiveness in global export markets. Given the huge scale of our industry, these kinds of investment can have a big impact in giving us an edge.
“The ongoing support from Lloyds Bank has been integral to realising these changes, and with solar panels that are projected to pay for themselves in just four years, the benefits to our business and beyond are profound.”
Richard Cox, relationship manager at Lloyds Bank Commercial Banking, said: “We’re proud to be supporting the development of a business that not only puts sustainability at the forefront, but is also committed to nurturing future talent for its specialist operations through upskilling and training.
“With this funding push, Apex Pumps can provide even more specialist services, to mark it as a key player in its industry both nationally and abroad.”