Pictured above:  Andrew Springhall, one of the East Midlands' most dynamic entrepreneurs launches Turning Point Investments Ltd, a new company aimed at supporting business through the recession.

Andrew Springhall, one of the East Midlands most dynamic and enterprising entrepreneurs is not taking the recession lying down and recently announced the launch of Turning Point Investments  Ltd, a new company aimed at helping potentially successful businesses suffering from short term liquidity or cash flow issues.

Backed by a select number of hand-picked East Midlands' investors, the new company is already looking to invest funds and management skills in a range of firms in the area which urgently need targeted support in order to take their businesses to the next level. 

Andrew, who took his first business Power On Connections Ltd from a standing start to nearly £20m turnover and to being placed in the Sunday Times Virgin Fast Track Top 100 list, was named East Midlands Entrepreneur of the Year in 2008 and is now managing director of the rapidly growing professional search and selection company Blusource Professional Services Ltd. 

Commenting on the new venture, he said, "Through various networks Turning Point has a huge resource of experience and talent, which will help provide solutions to companies suffering in the current economic climate. By injecting cash and taking equity stakes in them, assisting in their growth strategies coupled with general business and financial support, we aim to see business owners concentrate on core business issues and improve shareholder value for all."

The former Leicestershire Business of the Year Award Winner, who is now based in Nottingham made the announcement at the recent East Midlands Dealmakers Awards. Far from slowing down, following the acquisition of the Power On business; Andrew is on the judging panel for the National Business Awards (Midlands Region), sponsored by Orange which will take place in June,  is currently mentoring two young directors based in the Midlands and together with Blusource is sponsoring the NSPCC/Weavers Wine Tasting event in Nottingham also in June.

"Turning Point is already taking equity stakes in some very promising businesses from the East Midlands and I believe a downturn is always a good time to invest in new ventures with growth potential and employment prospects for the future." He said. "I can't name any names just yet…but watch this space!"