Six-figure funding boost will drive growth at chartered building consultancy

A Salford-based chartered building consultancy is scaling up its business and creating jobs after a six-figure investment.

Recom Solutions has received the backing from NPIF II-FW Capital Debt Finance, which is managed by FW Capital as part of The Northern Powerhouse Investment Fund II (NPIF II). 

Founded in 2015 by directors Jason McKnight and Joseph Dillon, Recom undertakes construction project management and main contracting work across sectors including healthcare, education, retail and leisure, commercial and residential.

It also provides consultancy services to assist in the design and delivery of health and safety, sustainability, passive fire protection and cladding projects.

It has recorded 40% growth per annum in its passive fire protection services and needed extra working capital to support its growth strategy in this area of the business.

The firm is also using this significant investment to create five jobs.

Passive fire protection (PFP) refers to a range of measures designed to limit the spread of fire, smoke, and heat within a building or structure.

Director, Jason McKnight, said: ““We’ve seen significant growth in PFP and this side of our business is currently growing 40% per year. To meet this increased demand and take our business to the next level we need additional investment. The funding from FW Capital has boosted our working capital and enabled us to grow. We’ve also created five new jobs.”

Adam Husband, senior investment executive at FW Capital, said: “Recom Solutions has recorded impressive growth especially in the PFP sector.

“This is an area that Jason and Joseph are investing heavily in. This is a great example of how NPIF II is helping a local business to scale up with confidence.”

He added: “RECOM Solutions work with a number of public sector organisations in this field, including the NHS, schools and universities. With this funding they can take the business even further forward.”

Sue Barnard, senior investment manager at the British Business Bank, said: “The Northern Powerhouse Investment Fund II is designed to support ambitious businesses like Recom Solutions, helping them to scale up, create jobs, and drive economic growth in the North West.

“It’s fantastic to see Jason and the team using NPIF II funding to expand its services in an area of increasing importance within the construction sector.”