The business has recently designed and patented a device for automating the adjustment of roof deflectors on articulated lorries to ensure optimum performance, increased fuel economy and reduced carbon emissions.
Background
- It is estimated that badly adjusted deflectors will use an additional 1.5% in fuel per 10cm of trailer front showing above the deflector, resulting in a total additional cost of some 6 – 12% on badly adjusted trucks.
- Reducing fuel consumption also has a direct environmental benefit through lowering vehicle emissions.
- Current practice is generally for manual adjustment of the roof deflector. This is often impractical and actually conflicts with Health and Safety regulations.
Opportunity
- The company is looking for an initial investment of circa £500k to develop, market and produce the device with a view to releasing the product globally through an agency network within its first 12 months.
- The Company is not aware of any similar products currently on the market and as such is keen to bring the product to market in the most time efficient manner.
- The Company is managed by two individuals both of who have extensive experience of fleet management and associated efficiencies within the logistics industry.
- There are currently over 120,000 new and used articulated lorries just in the UK alone with an additional 10,000 new articulated lorries taking to the road each year.
- The team intend to target both the new sales and retro-fit markets in an attempt to maximise sales potential.
- The Company is initially looking to secure first round funding by way of venture capital but would be interested to hear from any funding institution or individual who is interested in funding this opportunity.
A detailed business plan is available subject to the usual clearance and confidentiality letter. If this opportunity is of interest to you, your client or contacts, please contact either:
Lee Rogers (Corporate Finance Manager) at lee.rogers@beeverstruthers.co.ukor on 0161 838 1819
James Hindle (Corporate Finance Executive) at james.hindle@beeverstruthers.co.ukor on 0161 838 1850
IMPORTANT NOTICE. This document does not constitute an offer to purchase the business and no contract may be entered into on the basis of the information contained herein. The information in this document is supplied as a guide only and prospective investors must make their own investigations and must satisfy themselves as to the condition and prospects of the business and the accuracy and completeness of the statements contained herein. The partners of the business have provided the information within this document. Such information and representations have neither been checked nor verified by Beever and Struthers. The information contained in this document and any further information relating to the business supplied by or through Beever and Struthers is, and will be supplied only on the condition that neither Beever and Struthers nor any officer, partner or employee of the business or Beever and Struthers is liable for any error, omission, or inaccuracy contained herein whether negligently caused or otherwise, nor any loss or damage suffered by any person due to such error, omission, or inaccuracy, as a result of such supply.
