Pavement Testing Services (PTS), a Chorley, UK-based company which helps local authorities to test and maintain road surfaces, has secured £250k in funding.
Established in 2002 by managing director Tony Sewell, PTS started out by providing specialist engineering services to help the Highways Agency and councils assess the condition of road networks and plan maintenance programmes. In recent years the company has developed the capacity to carry out a wide range of analytical tests on tarmac and other road materials and is now well on its way to achieving recognition as a certification body in its own right.
In addition to its base on Chorley’s Cowling Business Park, PTS operates a laboratory in nearby Adlington, a depot in Cramlington, Northumberland, and has recently acquired a further laboratory in Swansea.
The funding, which was provided by Lancashire’s Rosebud Fund which is managed by Enterprise Ventures on behalf of Lancashire County Council, will assist the company with the costs associated with the above mentioned acquisition and will help fund the investment needed to confirm its status as a certification body.
The company, which employs 65 people, plans to create at least 20 more jobs in Lancashire.
FinSMEs
19/12/2012