Specialist legal costs firm Peak Costs has announced that it has received a significant six-figure investment to accelerate its growth strategy following its landmark merger last year.
The 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), provides the working capital necessary to fund integration costs and support the scaling of the firm’s infrastructure and operating systems. The investment is also expected to create at least five new specialist roles, with two positions already successfully filled. Martine Catton from Thrive Commercial Finance, part of The Broker Hub, introduced Peak Costs to Adam Husband at FW Capital.
Peak Costs was established in 2025 following the merger of two industry leaders, Paramount Legal Costs and KE Costs. Operating from offices in Carlisle and Liverpool, the firm now boasts a combined workforce of 40 employees, making it one of the largest providers of specialist legal costs services in England and Wales. The firm anticipates an annual turnover exceeding £3 million.
Peak Costs provides a comprehensive range of costs services to law firms, specialising in high-stakes areas including clinical negligence, personal injury, Court of Protection, and commercial litigation.
Martin Walsh, Managing Director at Peak Costs, commented: “Since the merger, our teams from KE Costs and Paramount Legal Costs have gelled exceptionally well. We are now in a strong position to expand further. While we explored various lending options, the offering from FW Capital was the perfect fit for our current stage of development. We have a very busy pipeline of work, and this investment is already being put to good use to help us realise our ambitions.”
Adam Husband, Senior Investment Executive at FW Capital, added: “Following their merger, Peak Costs quickly became a major player in the specialist legal services sector. The funding we have provided is helping them scale up even further, supporting cash flow management and the creation of high-quality jobs. This demonstrates how NPIF II funding can bolster the legal services sector and is a great example of business success coming from Cumbria and Liverpool City Region.”
Sue Barnard, Senior Investment Manager at British Business Bank said: “Through NPIF II, we’re helping strong businesses like Peak Costs create high-quality jobs and drive local economic growth. The company is a market leader in the professional services sector, which is a key part of the UK’s industrial strategy, and we’re supporting it to reach its next level. We’re proud to back ambitious companies making a real difference in their communities and across the region.”
The £660m Northern Powerhouse Investment Fund II (NPIFII) covers the entire North of England and provides loans from £25k to £2m and equity investment up to £5m to help a range of small and medium sized businesses to start up, scale up or stay ahead.
The Northern Powerhouse Investment Fund II will increase the supply and diversity of early-stage finance for the North’s smaller businesses, providing funds to firms that might otherwise not receive investment and help to break down barriers in access to finance. FW Capital will provide debt finance options from £100,000 to £2million to businesses based in the North West of England, with some flexibility to lend across the North.
