Cash injection boosts builders merchant’s growth plans

Middlewich-based Duttons Builders Merchants has been boosted by a £250,000 cash injection to support its expansion, which includes creating eight jobs.

Established in 2013, the family-run business supplies a range of products to the building and construction sector.

Managed by Richard Dutton, the company has more than doubled turnover in the last four years, following a move to purpose-built premises on Holmes Chapel Road.

The business will use the funding from NPIF – FW Capital Debt Finance, managed by FW Capital, and part of the Northern Powerhouse Investment Fund (NPIF), to expand its product range and further develop its existing offering, as well as targeting larger customers to further boost revenue figures.

Dutton said: “Working with FW Capital has been quick and efficient. This funding will allow us to broaden our product range further and work with even larger customers. This is an exciting time for our business and we are pleased that NPIF and FW Capital have chosen to support our vision.”

Simon Berry, senior investment executive at FW Capital said: “Richard and the team have been in this sector for a long time and understand their customer base really well. The new premises have bolstered their position as a leading supplier of building products in Cheshire and beyond.”

Philip Cox, chief executive of the Cheshire and Warrington Local Enterprise Partnership, said: “The LEP has invested £13m into the Northern Powerhouse Investment Fund and I am delighted that Duttons has become one of the first businesses in Cheshire and Warrington to be helped by NPIF to grow and expand. I am looking forward to seeing many more such investments over the coming months.”