OakNorth completes £2.5m loan to SES, a leading manufacturing business, to support the creation of its employee ownership trust.
OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a £2.5m loan to SES, the leading manufacturer of power distribution products for the entertainment industry, to support the creation of its employee ownership scheme.
It also provides equipment for leading sports events, from Formula 1 and Wimbledon, to the Champions League and every Olympic games since Athens 2000. The business employs 34 staff and three consultants, with average tenure exceeding 10 years, and several employees having been with the business for over 20 years.
About SES: Founded in 1994 by brothers Mark and Gordon Cooper, and headquartered in Slough, SES has grown into a highly successful, international manufacturing business with operations across the UK, Europe, and the Middle East. The equipment it provides broadly fit into two categories – permanent or temporary – the majority of which fall into the latter. Temporary covers everything from powering touring bands or theatre companies, through to bringing power to locations where it is limited such as outdoor film sets or in fields for festivals. While permanent includes wall-mounted distribution boxes for theatres, film, and television studios, as well as exhibition centres, and industrial locations. With a focus on quality and exceptional customer experience, over 75% of the products manufactured by SES are custom-built to the customer’s unique specifications.