“FW Capital has been a valued supporter of IMH for several years and really goes the extra mile to understand our business.”
Founded in 1983, IMH is a family-run business providing hydraulic engineering expertise and solutions across a range of sectors.
IMH offers services across design, manufacturing, installation, commissioning, maintenance, and repairs, as well as component supplies and training. In 2020 IMH secured a £250,000 loan from NPIF – FW Capital Debt Finance, backed by CBILS, to provide working capital amidst potential delays to projects caused by the Covid-19 pandemic, whilst also safeguarding jobs in the business.
This investment will also help the business deliver its long-term growth strategy. FW Capital has worked closely with the Middlesbrough-based firm since 2018.
The business initially received a £300,000 investment from the Tees Valley Catalyst Fund, managed by FW Capital, in 2018 enabling it to fulfil its bond requirement on a £2 million contract working on the Boston Flood Defence System.
In 2019 a £500,000 NPIF investment was made enabling IMH to secure a major contract and employ more specialist hydraulic engineers.