“This was a huge project and it wasn’t straight forward but FW Capital worked with us to help shape the funding to the project requirements. The FW Capital team is very pragmatic to work with. They are friendly, approachable, and have a great can-do attitude. We’re very grateful to them for their continued support.”
Process Control Equipment Ltd (PCE) is a well-established company based in Thornaby, with operational bases in Liverpool, London, Scotland, Spain, Holland and Germany. It specialises in the supply of industrial valves, actuators and controls for the oil, gas and petrochemical industries.
FW Capital has long been an investment partner of PCE. In 2014, PCE was the first company to benefit from the Tees Valley Catalyst Fund when it was awarded a performance bond loan worth £1.1 million to enable it to secure three significant contracts worth in excess of £10 million. The funding helped the business to achieve significant turnover and headcount growth.
PCE received a further £300,000 loan from the Tees Valley Catalyst Fund in 2018 in order to secure a multi-million euro contract in Spain. The project, which involved building a new part of a major Spanish oil refinery, was successfully completed.