21/10/2014

£250,000 loan from The North West Fund for Loans Plus to spearhead further expansion at Bowdon Group

An engineering support services company based in Cheshire can now continue expanding thanks to a £250,000 loan from The North West Fund for Loans Plus managed by FW Capital.

Turnover and profits have both risen consistently at the Bowdon Group (Bowdon) since it was established in 2008 and today the Group provides a comprehensive range of specialist end-to-end support services to the engineering sector.

Bowdon, which has expanded by acquisition, will use the loan from The North West Fund for Loans Plus to underpin further expansion and boost staff numbers.

“Bowdon Group has expanded successfully since 2008, winning contracts from both existing and new clients.  We’ve widened our capabilities, increased our sector focus and built up our capacity so we can now provide clients with end-to-end services closely tailored to their needs. 

“The loan from The North West Fund for Loans Plus has provided us with the capital to take advantage of the growth in the UK construction industry and will help position Bowdon as a market-leading provider of engineering support services in the North West – creating new business and job growth opportunities,” explained Chief Executive, Brian Benson.

As the parent company of a number of niche and leading businesses in the engineering support sector, including Skelair International, Sema Services and Ford Mainwaring, Bowdon has consistently grown year on year.

The Group’s clients include public sector organisations, leading contractors and major private companies.

The North West Fund for Loans Plus, managed by FW Capital, is part of the £155m North West Fund and is financed jointly by the European Regional Development Fund and the European Investment Bank.

FW Capital Senior Investment Executive, Chris Pestell worked with Bowdon to come up with a loan that would provide the injection of capital the company needed.  He said: “Brian and his team have considerable experience in the sectors they operate in. Bowdon has grown solidly under their leadership and they have integrated a number of brands to provide an end-to-end service.

“This loan will enable Bowdon to continue to grow and expand further into engineering support services, with the company looking at numerous job creation opportunities – from board level through to engineering apprentices.”

The Bowdon Group provides a wide range of support services including implementing major electrical projects; mechanical service and maintenance; safety and security installations and quarrying

North West Fund Loans Plus