Allerton Steel

“We work in a sector that isn’t attractive to high street banks, but FW Capital  provided the funding we needed.  This is the third round of investment we have received from FW Capital over the years and we have a great relationship with Lindsey McMenamin and the team.”

Giles Penn, Director, Allerton Steel

Allerton Steel announced a significant growth in its production capabilities following the acquisition of a cutting-edge boom welder which will be used to deliver the firm’s contract with HS2 and provide a platform from which to secure new larger contracts. 

The leading Yorkshire structural and mechanical fabrication specialist were backed by a six-figure investment  from NPIF II – FW Capital Debt Finance, which is managed by FW Capital as part of the Northern Powerhouse Investment Fund II (NPIF II) to fund the brand new submerged-arc boom welder from ESAB.

Situated in Northallerton, the acquisition  marked a pivotal moment in the company’s growth strategy, giving Allerton Steel the capability to manage major infrastructure and industrial contracts that require the high-volume, high-quality output the new machinery provides.

With a nationally renowned reputation, the company has worked on landmark London buildings including the Shard, Battersea Power Station, the Olympic Village and 22 Bishopsgate, providing large elements of the infrastructure works.

Allerton Steel secured a £500,000 investment from NPIF – FW Capital Debt Finance, as part of the Northern Powerhouse Investment Fund in 2021, and a second round of funding followed in 2023.