Entirely Finance

LANCASHIRE FINANCE NEWS

Tuesday May 7 2019


Pierce provides a funding lifeline to local disability employer Remexx


Accountancy firm Pierce has helped its client Remexx, which employs local people with disabilities to manufacture educational furniture, to secure vital funding required to keep the business running.



Pierce provides a funding lifeline to local disability employer Remexx

Accountancy firm Pierce has helped its client Remexx, which employs local people with disabilities to manufacture educational furniture, to secure vital funding required to keep the business running.

 

The business, born from the closure of Remploy Blackburn, currently employs seven people from the local area with disabilities to manufacture tables and desks for primary and secondary schools, colleges and academies.

 

Remexx was set up by former Remploy employees David Sussex and Peter Clark and the duo have since been joined by new director Mark Lomas of Elgra Furniture after Pierce introduced Mark to the business.

 

David said: “Remploy was fully funded by the Department of Works and Pensions, but Remexx is privately funded exclusively by its Directors.  We still wanted to give local people with disabilities employment opportunities as we know how difficult it is for them to get mainstream employment, but it has been a challenge to get funding.

 

“Thankfully the team at Pierce has been able to facilitate funding and introduce us to people who have provided grants for Remexx which have been absolutely vital to the business.”

 

Pierce has also helped Remexx by advising on year end timings, R&D credits and tax breaks and supply them with year-end accounts, management information and cash flow projections.

 

David added: “Pierce has really helped us since we established Remexx in 2014, but the thing that has been most invaluable is their advice. The team is knowledgeable, excellent to talk to and they have genuinely helped us to transform the business.”

 

Mark Walmsley, Associate Director at Pierce said: “Remexx is a fantastic business that not only manufactures top quality products, but offers an invaluable service to people in our community. We know it has been a real challenge for David and the team to get funding to keep this service running, so we’re really proud to have given them the support and contacts to achieve this.

 

“Remexx has a very strong business model in place and we look forward to continuing to support them as they seek to grow.”

 

David added: “Our main aim is to employ people with disabilities or complex barriers to work and provide them with opportunities and skills that they could not get elsewhere. We want to spread these benefits ever further to make a difference to the lives of more people in the local community.”

 



"Thankfully the team at Pierce has been able to facilitate funding and introduce us to people who have provided grants for Remexx which have been absolutely vital to the business."
David Sussex, Remexx








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