NEL Fund Managers
4 Enterprise House, Kingsway, Team Valley, Gateshead, Tyne and Wear, NE11 0SR, United Kingdom
Overview
NEL Fund Managers Limited, is an independent fund management company which provides financial products to small and medium-sized businesses based in the North East of England. Originally set up in 1989 to provide unsecured loan funding to regional businesses, NEL is the region’s most active business investor and has since managed eleven funds with a combined value of over £90m, including the new £23m Finance for Business North East Growth Fund. We have invested in over 200 regional companies in the last five years alone, with hundreds of companies and thousands of jobs in every part of the region being supported. You can read more about the positive impact made by our investments here.
- Total investments
- 2
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 2
Investment portfolio
- My Property Box
Led · Equity · Nov 2022
My Property Box is a residential estate agency that specialises in residential lettings and managing properties. The company was founded in 2012 and is headquartered in Darlington. It focuses on letting and managing residential property. UK and Ireland growth capital investor BGF has invested in the business. The article categorizes the deal under 'Deals €200M or less' and places the company in the Real Estate sector within the UK & Ireland geography. My Property Box is a Darlington-based estate and lettings agency that provides sales, lettings, property management and investment advice. Founded 10 years ago, the firm employs around 50 people and manages a portfolio of approximately 1,600 properties. It has expanded in recent years through acquisitions of neighbouring agencies and says it utilises advanced digital technologies to deliver customer service. The company plans to consolidate its market position in the North East while pursuing further acquisitions and geographic expansion into Leeds, West Yorkshire and Cumbria. The new funding will be used to act on acquisition opportunities, invest in its services and support ongoing consolidation. The firm is also active in North Yorkshire and is considering further growth further south.
- Applied Superconductor
Participated · Equity · Feb 2010
Applied Superconductor Ltd. develops and produces high-efficiency devices for utility and industrial electrical networks using superconductor technologies, including a Superconducting Fault Current Limiter designed to protect networks from short-circuits. The company is led by CEO Herbert Piereder and is based in Blyth, Northumberland, UK. It recently signed a £4m contract with Rolls Royce and the Energy Technologies Institute to reduce downtime from power cuts and earlier won a major contract with CE Electric UK. Shareholders include founders Herbert Piereder and David Klaus and regional venture firms NEL Fund Managers and NorthStar Equity Investors. The company raised funds to expand market presence and operations. Applied Superconductor Ltd is a Blyth, UK-based specialist developer and producer of high-efficiency devices for utility and industry electrical networks employing superconductor technologies. Its products apply superconductors to improve efficiency in utility and industrial electrical networks. Last December the company completed a £650K financing round. The funds were provided by NorthStar Equity Investors, NEL Fund Managers, members of the management team and industry experts. The new funds are being used to reinforce the company's business case by attracting new projects and setting up additional co-operations. Applied Superconductor intends to initiate a further financing round scheduled to be closed by the middle of 2010.