Formwork company expands to bigger depot after funding boost

Formwork Direct International has received funding from MSIF, described as a “significant investment”, to assist with the relocation of the business to a larger site in Knowsley which will accommodate the company’s continued growth and increased demand.

The firm specialises in supplying new and used formwork systems for sale and hire to construction supply chains around the world.

Its services are not just limited to formwork systems, but also include falsework systems, propping and shoring, concrete accessories, safety systems, concrete chemicals, scaffolding and bespoke systems.

Formwork Direct also supplies a wide range of contractors, predominantly in the UK but also internationally, further providing their systems with the added benefit of in-house engineering and design, creating a unique ‘one-stop’ service to clients.

Established in April 2010, Formwork has grown its base and services year-on-year, enabling the business to invest heavily in hireable assets which have now become the company’s largest and most profitable branch of business.

Directors Carl Kidman and Steve Dempsey have extensive experience throughout the contracting sector and, along with the recent addition of operations director John Owens, create a strong and balanced management team. To keep up with the growing demand and to help services run more efficiently, the directors knew a larger site was needed.

By working with MSIF investment manager Jim Moore, Formwork Direct was able to secure the funding needed to complete its move to the larger site on Hornhouse Lane in the popular Knowsley Industrial Park.

The new site provides the business with 2.6 acres of land which will allow more efficient working practices and the ability to provide increased value to its clients.

Jim Moore said: “It has been a pleasure to work with all of the directors at Formwork Direct International.

“They have a unique strength in the management team and services they provide. The need for larger premises is a direct result of growing the business. I look forward to seeing what they will achieve in the new space over the coming months.”

John Owens, new operations director at Formwork, said: “Working alongside MSIF has enabled Formwork Direct to create a true SME structure which will give a solid foundation for growth going forward.

“Jim understood our vision and desire to expand our company’s growth enabling us to push our boundaries towards the larger construction projects throughout the industry.

“Through this growth, Formwork Direct are working closely with Knowsley council creating new jobs in the area.”