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Kibosh company logo
INDUSTRIAL
kiboshpiperepair.com

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Founded Year

2007

Stage

Unattributed VC | Alive

Total Raised

$1M

Last Raised

$1M | 2 yrs ago

About Kibosh

Kibosh designs a leaking-pipe repair kit that allows professional plumbers and trades people to mend leaking pipes without having to turn off the water supply to water and central heating systems.

Kibosh Headquarter Location

One Cherry Court

Peebles, Scotland, EH45 9BU,

United Kingdom

+44 (0)7515 449 515

Latest Kibosh News

Borders plumber gets OGTC backing to develop pipe repair tech

Jun 14, 2021

Borders plumber gets OGTC backing to develop pipe repair tech Total, Harbour Energy, CNOOC International and Hydratight have already recognised its potential for industrial use Sign up to FREE email alerts from businessInsider - DailyInvalid EmailSomething went wrong, please try again later. Subscribe When you subscribe we will use the information you provide to send you these newsletters. Your information will be used in accordance with our Privacy Notice. Thank you for subscribingWe have more newsletters Show me See our privacy notice A Scottish plumber turned inventor and entrepreneur has been backed by OGTC and some of the world’s biggest energy sector companies to develop his pipe repair solutions for industrial applications. Kibosh, which has patented a range of clamps that can mend damaged pipes, has secured funding from the Aberdeen-based technology centre that helps the oil and gas industry develop and deploy innovative solutions that will accelerate the transition to net zero North Sea. This support, alongside that of its existing investors, will fund pre-field trial testing and certification by BSI, the global product standards assessor, and qualification of its industrial product range by Lloyds Register. Ross Dickinson, a self-employed plumber based in the Scottish Borders, created Kibosh’s pipe repair technology 14 years ago to provide a quick fix for damaged or leaking domestic water pipes. He left school aged 16 with no qualifications and was diagnosed with dyslexia years later. However, he soon gained his plumbing qualifications at Borders College, before starting his own plumbing business in 2007. Having spent several years developing and patenting his unique solution, Kibosh’s clamps have gained an international customer base in the professional plumbing, trades and DIY sectors over the last few years. In February, when freezing conditions in Texas saw houses across the US state suffer burst pipes, Kibosh supplied several thousand clamps to assist the recovery effort, including sales via retailers Home Depot and Lowe’s Home Improvement. Kibosh has sold more than 100,000 domestic clamps so far, retailing on average between £12 and £20 each, with a growing trade customer base and an estimated market potential of £200m in the retail sector alone. The technology, which quickly and affordably stops leaks and fugitive emissions, allows pipe systems to keep functioning at full capacity and production levels. Avoiding loss of containment also avoids waste, pollution and potentially expensive clean-up operations; lowering the carbon footprint of industry on many levels. These qualities have led to growing interest in Kibosh from the oil and gas, energy, and industrial sectors, with partners including Total, Harbour Energy, CNOOC International and Hydratight recognising the potential to minimise any operational down-time until a permanent repair can be made. To meet that demand, Dickinson has created a range of industrial clamps which are now entering the final phase of research and development, with field trials due to take place in the North Sea over the next 18 months. This project will also be supported by University of Strathclyde’s Advanced Forming Research Centre (AFRC), part of the National Manufacturing Institute Scotland. Read More Kibosh chief technology officer Dickinson said: “It’s been excruciatingly difficult to get to this point, but it’s great now to be working with some of the biggest names in the energy sector to develop Kibosh products for a range of industrial settings. “I’m confident that in working with OGTC and the University of Strathclyde over the next year or so we will be able to develop a range of Kibosh products that will save vast amounts of time, money, and crucially water and other precious fluids for companies in many different sectors over years to come. “I’m passionate about this and about doing it here in Scotland, using as many local partners as possible along the way.” Dickinson had the idea for Kibosh’s pipe repair technology when he was called out to attend to a burst pipe at a house in Melrose during the winter of 2007. The homeowner could not find the shut-off valve to turn off the water supply and by the time Dickinson was able to do so, several thousand pounds worth of damage had already been done to the property. The self-employed plumber asked himself why there wasn’t a product available on the market that would have enabled him to bring the leak under control quickly, minimising any damage and buying time for a permanent repair to be carried out. He worked with Cademuir Engineering in Selkirk to produce a prototype in 2010. Then two years later, the Kibosh Emergency Pipe Repair Clamp caught the attention of plumbing tool and equipment brand Rothenberger, and Dickinson soon entered into an agreement that saw his clamps produced and distributed internationally under both brands. In 2015, Dickinson secured funding to start the first phase of developing an industrial solution with the Oil & Gas Innovation Centre (OGIC) and Heriot Watt University. Three years later, he secured further funding for a second phase of development of Kibosh clamps for pipes up to six-inch diameter, working with OGIC again and AFRC. In September 2019, Dickinson secured private equity funding from Edinburgh-based investment syndicate Par Equity, alongside the Scottish Investment Bank, which allowed him to focus on Kibosh full-time and to appoint a small team to help him grow the business, including chairman Keith Gibson, non-executive investment director Audrey Orhorn, and former Procter & Gamble executive Andy Peterson, who joined as chief executive in July 2020. Kibosh chief executive Andy Peterson (left) and founder Ross Dickinson (Image: Ian Jacobs) Peterson said: “Kibosh is already a real Scottish success story, but it is also one that I believe is only just beginning and has immense potential. “Ross has had to sacrifice so much and overcome a great many obstacles to get to where we are today and the success to date is testament to his creativity, determination, and perseverance.” Paul Atkinson, founding partner at Par Equity, said: “Two years ago, we made our first investment in Kibosh, to support the roll out of Ross’ invention, a patented pipe repair and pipe freezing devices with proven global application and potential - it remains one of the most exciting businesses in our portfolio.” Craig Nicol, OGTC project lead, added: “As we continue to invest in our drive towards a net-zero UK carbon strategy, Kibosh’s innovative repair and freezing products align with our strategic technology roadmap.” Don't miss the latest headlines with our twice-daily newsletter - sign up here for free . 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