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Omega Product Services, a Blackpool-based supplier to the electrical wholesale market, has secured a £250,000 investment loan from the Northern Powerhouse Investment Fund.
Omega was set up six years ago and employs nine members of staff. Sales have grown rapidly, and is expected to hit £2.7m this year. The company has continued to develop by promoting its unique Prima-Lux brand of LED lighting products, which have proven to be hugely popular in the market.
Paul Leech, joint managing director at Omega Product Services, said: “Obtaining the additional working capital that we needed was vital to enable us to continue to develop our business objectives for the future."
Andy Walker, Head of Business Growth and Innovation at Lancashire County Council, said: “We welcome this investment from NPIF as innovative and fast-growing companies are the lifeblood of the Lancashire economy and successful companies such as Omega help to raise the profile of Lancashire regionally and nationally.”
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