“We would not be where we are today without the funding from FW Capital. Other types of lender do not tend to provide the certainty of funding that we required, as they can pull their facilities at any time. In an industry like ours where there are peaks and troughs, it’s crucial that we have an investment partner that really understands our business strategy whilst allowing us to retain full control of the business."
Darnhall Limited, trading as 24-7 Group, offers a range of electrical design and installation services for warehousing and cold storage facilities, production facilities, commercial developments, high rise residential, and retail customers including Tesco.
Darnhall Limited have received four rounds of funding totalling £1.14m since the start of their relationship with FW Capital, including £886k from the Northern Powerhouse Investment Fund.
Since the first investment the business has seen massive growth. Turnover had increased by nearly 1650% and the business has seen its workforce expanding from 7 in 2012 to 64 in 2020 with a forecast in excess of 80 in the next three years. The business has been able to broaden its offering to include mechanical, security (CCTV, alarms) and wrap round maintenance contracts.