Created by three Irishmen, Meica Group has grown from £1.7m in 1994 to £18.6m in 1997 manufacturing metal products for water utilities and construction companies. When bank debt proved nearly impossible to come by, the three partners turned to venture capital. They exchanged 40% of the company’s equity early on for £? amount from venture capital company 3i. Financial director Kieran Hynes doesn’t regret it in the least. “They took the risk when the banks would not. We’ve found them very professional and they’ve put no short term pressure on us,” he says. The key to this Middlesex-based company’s success is its commitment to getting inside customer’s heads. By doing ?. Big clients such as Bovis and Thames Water have continued to generate valuable repeat business.
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