Reward makes maiden NW investment
A STOCKPORT-based supplier and fitter of commercial flooring has secured backing to support its continued growth from funding provider Reward Capital.
In its maiden deal in the region, Reward Capital has provided a flexible facility for Siteform which will enable the company to continue to expand. It specialises in a range of floor covers including safety flooring, non-slip flooring and rubber and sports flooring.
The company works for a number of building contractors including Amec Construction, Bovis Lend Lease, Galliford Try and Bardsley Construction.
Working across the country, Siteform is one of only four firms in the North West accredited to the educational and healthcare sectors.
Mike Corrigan, managing director of Siteform, said: “When other financial institutions proved unable to help us, Reward Capital stepped in and put a facility in place within a matter of days.
“Our order book is currently at a level not seen for a long time and we now have a funding structure which will enable us to grow with confidence.”
Andrew Ward, managing director of Leeds-based Reward Capital, said: “Siteform is exactly the type of business we are looking to help -an established, expanding company which needs facilities which will enable it not only to secure jobs, but will also provide a platform for future growth.
“This is our first deal in the North West and we hope it will be a spring board for us to assist more companies in the region.”
The deal was arranged by Andrew Ward of Reward Capital, advised by David Arundel of Clarion in Leeds, with due diligence provided by Adam Simpson of Sheffield-based P&A Receivables.
Management was advised by Danielle Bennett of law firm Cobbetts.
