CMS Tools is set for growth following a substantial six-figure investment, bolstering the company’s position in the Yorkshire market and beyond. The funding, provided by NPIF-FW Capital Debt Finance and managed by FW Capital as part of the Northern Powerhouse Investment Fund, will be used to enhance CMS Tools’ infrastructure, increase job opportunities, and enable bulk purchases of products to improve margins and boost profitability.
Headquartered in Normanton, West Yorkshire, CMS Tools was founded in 1981 and currently boasts a £3m turnover. As a leading distributor of premium-grade roofing tools and accessories, the company serves customers nationwide in the building and construction industry. Its extensive network of stockists offers a diverse range of sustainable wood-based products derived from replanted and sustainable sources.
Simon French, Managing Director of CMS Tools, expressed his gratitude for FW Capital’s investment, stating that it has provided the company with access to working capital and the ability to introduce new product categories to their portfolio. Furthermore, CMS Tools is investing in infrastructure enhancements and expanding their workforce to ensure they continue to deliver the exceptional levels of service their customers anticipate. French commended FW Capital for their effective management of the investment process, with funds being made available within the expected timeframe.
Nick Donaghy, Assistant Investment Executive, and Alex Gent, Senior Investment Executive, from FW Capital were responsible for providing the investment. Ben Merrick, Commercial Relationship Manager at YB Financial Advisory Ltd, played a pivotal role in connecting Simon French and CMS Tools with the FW Capital team.
Donaghy emphasized the longevity and profitability of CMS Tools, praising the experienced management team that has cultivated a wide range of established customers and a promising pipeline of potential clients. He expressed satisfaction in supporting the company’s growth strategy and confirming FW Capital’s commitment to investing in local businesses through debt finance, thereby enhancing future growth across the region.
Merrick, from YB Financial Advisory Ltd, expressed delight in their ongoing collaboration with CMS Tools. He affirmed their steadfast support in securing additional funding to fuel the continuous expansion of the business. Merrick also expressed confidence in his partnership with Donaghy and Gent, anticipating prompt and tailored solutions to address local businesses’ diverse funding needs, even during times of uncertainty when obtaining quick responses from banks may prove challenging.
