Double growth for North West security company following NPIF II funding award

Haydock-based All Round Security has secured a ‘significant’ investment sum to support its accelerated expansion and working capital needs.

Funding to support the working capital needed for this growth has been provided by NPIF II-FW Capital Debt Finance, which is managed by FW Capital as part of the Northern Powerhouse Investment Fund II (NPIF II).

Established in 1986 by Terry Keegan and Peter Fairbrother, All Round Security says it is the UK’s largest independent UK security specialists for automatic doors, shutters, entry systems and barriers.

Customers include River Island, CBRE, Mitie and Heathrow and Manchester Airports. Terry retired from the business in 2020 and today the firm is managed by Terry’s son and managing director, Darren Keegan, and co-founder Peter Fairbrother.

The company has more than doubled its workforce to in excess of 200 people and increased its offering following its recent acquisition of dormakaba’s Northern Service Division in December 2024.

As a result, it is responsible for the installation and maintenance service work for more than 3,000 additional customers across the North of England in addition to the 25,000 existing sites that it covers nationwide, all delivered by around 100 mobile engineers.

The significant loan is the largest to date provided from NPIF II-FW Capital and is helping All Round Security to meet this increased volume of work, cashflow requirements and future expansion activity.

Additional financial support has been provided by Allica Bank in the form of a growth finance revolving working capital facility.

All Round Security also has threer further offices in Washington, Falkirk and Heathrow.

Darren Keegan said: “Integrating  dormakaba’s Northern Service Division has added greater depth to the northern half of our business and provided a platform from which to drive even more future growth.

“The service partnership with dormakaba offers a great opportunity for growth with the product support of a worldwide manufacturer.”

He added: “We felt the time was right to take on extra work and the backing from FW Capital means we’ve got the working capital to meet the increased volume of work and facilitate our cashflow requirements.

“We’ve also entered into a financial funding agreement with Allica Bank to help support our expansion. It’s a very busy time for us but it goes without saying that it’s business as usual for all our customers and we’re looking forward to broadening our reach across the UK.”

Barry Wilson, investment executive at FW Capital, said: “All Round Security is an impressive business that we’re helping to reach the next level of growth.

“It has managed to double the size of the business in a short space of time and with our financial backing it is well placed to meet the working capital needs that come with the increased demands for work. We’ve also collaborated with Ian Flaxman at Allica Bank, which has provided additional working capital support.”

Sue Barnard, senior manager at the British Business Bank, said: “It’s great to see a North West-based business capitalising on the increasing need for security solutions, seeking support from NPIF II to unlock potential and create over 100 new jobs in the region.

“All Round Security is a brilliant example of a business that is using NPIF II funding to support its growth and improve its contribution to the regional economy.”