Specialist Energy Group (LON:SEGR) will kick on now that it has the financing in place after a “difficult period” for the engineering firm, according to chief executive Ewan Lloyd-Baker.
He said the last six months were a period of consolidation for Specialist Energy, which designs, makes and services specialist pumps and motors for the energy sector.
In a bid to cut costs, the company had to part ways with its managing director and restructure the business in Luton.