“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.
Having received an initial loan of £250,000 in 2012 which was subsequently fully repaid, 24-7 Group returned to FW Capital for a second loan to help deliver its five year growth plan. This £500,000 loan from NPIF – FW Capital Debt Finance, managed by FW Capital and part of the Northern Powerhouse Investment Fund, has been used to recruit 11 new staff and broaden the company’s offering to include mechanical, heating, air conditioning and plumbing services.