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.
![A group of employees stood in front of the Photonic Solutions office](/sites/g/files/sovrnj166/files/styles/coh_x_large/public/2022-10/photonic-solutions-BBB-612x408.jpg?itok=hoenGHtV)
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.