WSR Medical Eyes Global Expansion with NPIF II Loan
Portfolio | Feb 21, 2025 | Mercia Fund Management (Mercia Ventures)
WSR Medical Solutions, a leading UK manufacturer of X-ray protection wear, is set to expand its global presence with a £350,000 loan from NPIF II, facilitated by Mercia Debt Finance. The Lancashire-based firm, renowned for its Rothband brand lead aprons, plans to invest in new printing equipment to enhance its product range and increase operational efficiency. Under the leadership of Paul Dixon, the company aims to elevate its international sales, currently accounting for 15% of turnover, by establishing a network of distributors and offering bespoke products to a broader client base. This financing marks the third support round from Mercia Debt, illustrating the firm's commitment to fostering innovation and growth within WSR Medical. The Northern Powerhouse Investment Fund II (NPIF II), which supports small and medium-sized businesses in the North of England, highlights its role in facilitating economic growth and innovation through accessible financing solutions.
Sectors
- Healthcare Equipment & Supplies
- Financial Services
Geography
- United Kingdom – WSR Medical Solutions is based in the UK and services over 700 UK hospitals.
- North of England – The Northern Powerhouse Investment Fund II focuses on supporting businesses in the North of England, including WSR Medical Solutions.
Industry
- Healthcare Equipment & Supplies – WSR Medical Solutions manufactures and supplies X-ray protection wear and accessories, which are essential components in healthcare facilities.
- Financial Services – Mercia Ventures and NPIF II are involved in providing debt finance to small and medium enterprises, which is integral to financial services.
Financials
- £350,000 – The amount of the loan provided to WSR Medical Solutions by NPIF II through Mercia Debt Finance.
- £660 million – The total value of the Northern Powerhouse Investment Fund II (NPIF II), which aims to finance businesses in the North of England.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| WSR Medical Solutions | Target Company | Company | WSR Medical Solutions is the UK’s leading manufacturer of lead aprons for radiographers, operating under the Rothband brand. |
| Paul Dixon | Managing Director | Person | Paul Dixon is the Managing Director of WSR Medical Solutions and a former employee and qualified radiographer who acquired the company in 2015. |
| Mercia Fund Management (Mercia Ventures) | PE/Financial Company | Company | Mercia Ventures manages the debt finance component of the NPIF II, supporting the growth and expansion of businesses in the North of England. |
| Mercia Debt | Lender | Company | Mercia Debt provides financing options and has supported WSR Medical Solutions since 2015. |
| Northern Powerhouse Investment Fund II (NPIF II) | Fund | Company | NPIF II provides loans and equity financing to businesses across the North of England to drive economic growth and innovation. |
| David Wright | Representative of Mercia Debt | Person | David Wright is associated with Mercia Debt and supports their investment and lending initiatives. |