• Science & Technology Community

    NETPark Net is the innovation support network for companies operating within the Science, Engineering and Technology Sectors.Join TodayLogin
  • Business Services

    From Funding to IP Landscaping to Contract Opportunities, our suite of business tools & services are designed to accelerate your business growth.Join TodayLogin
  • Innovation Community

    Who do you know? This is where like-minded science and technology companies gather.Join TodayLogin
  • Your success is our Success

    Let’s grow your Business. At NETPark NET, we will give you competitive advantage.Join TodayLogin
  • 1
  • 2
  • 3
  • 4
dawn_dunn

Wiring an innovative business 

Wednesday, 01 June 2016

County Durham-based cable manufacturer, ATAG Cable Solutions turned a business threat into an opportunity, putting expansion plans into action with the help of a second investment from the Finance for Business North East Growth Fund, secured through NEL fund managers. 

ATAG designs, manufactures, tests and supplies a wide range of high quality, high performance reliable cables for all types of industries, with particular expertise in the electronics, oil and gas, marine and energy sectors. 

It was the first to manufacture 'solar' cable for the energy industry and also the first to design and produce 'antimicrobial' cable additive which is widely used in hospitals and medical centres across the UK to provide protection against MRSA, Ecoli and other diseases.

In March 2015, the Newton Aycliffe-based firm found itself facing a significant bad debt after a key customer in Cumbria went into administration, but it quickly moved to alter its business model by buying some of its customer’s assets and expanding its service offering to include cable assembly and temperature controls.

A six-figure investment from the Finance for Business North East Growth Fund has helped to turn the business around, supporting the recruitment of skilled staff, development of new products and achievement of key industry quality standards. 

Andy Graham, managing director at ATAG and operations director, David Hazeldine, will tell the story of how they overcame the challenges to grow a successful company at a business networking event at NETPark Incubator in Sedgefield at 8am on 7 June 2016.

This event is free-of-charge to NETPark Net members and our Affinity members. Non-members: please email innovation@uknetpark.net to attend as a guest.

This event is supported by North East Finance.

Written by Dawn Dunn, North East Finance.

 

Specifications

What are your views on this story?

blog comments powered by Disqus

Latest News

Latest Blog

What Our Members Say

  • NETPark Net offers an amazing range of services and we have made profitable use of the many meetings arranged. Even the breakfast meetings have been more helpful than we could have imagined. Plus some great contacts have been made ! NETPark Net FeedbackSteve CrightonPollywood
  • NETPark Net has been a very valuable network to be a part of as a relatively new business in the region.  The support and interactions with staff have been useful in finding potential partners and customers that will help to develop business growth and innovation. NETPark Net FeedbackCraig RoseSeaweed & Co
  • 1