North East supply chain company goes from strength to strength after FW Capital investment as order book rises by 20%
Prudhoe-based supply chain management company, GMS is
celebrating its recent recognition as the Premier Supplier for
Europe & Asia by Joy Global, a world-leading name in the mining
The award recognises GMS’ outstanding
performance in relation to product quality and ‘on-time’
deliveries. It tops a highly successful year for GMS since it
received a £450,000 mezzanine loan from the North East Growth Plus
Fund managed by FW Capital in 2013.
FW Capital’s investment backed GMS’ five-year
growth plan and provided it with the working capital to fund the
delivery of new contracts, enabling it to take on 5 additional
staff and safeguard 15 local jobs.
In the 12 months since it received the loan,
global order levels have increased by 20% as GMS has developed its
presence in key Eastern European and Australasian markets. It
has also expanded its supply chain in China.
Now exporting to 22 countries worldwide, GMS
has also added big names such as Indesit and Hotpoint to its
growing blue chip client list.
Commenting on GMS’ success, Managing Director
Owen Ingram said: “The GMS way is to ensure that all aspects
of customer care are at the forefront of everything we do.
Being recognised by a worldwide provider like Joy Global clearly
demonstrates our commitment to achieving the right standards.
The mining sector is one of a number of global industrial markets
we’re targeting as part of our expansion.
“With FW Capital’s backing we’ve been able to
make significant inroads in new international markets and engage
specialists to develop our Chinese supply chains.
FW Capital understood our business plan and
provided a funding package with the flexibility to enable us to
achieve our goals.”
GMS sources machined parts from all over the
globe for UK-based manufacturers operating in sectors such as
mining, automotive, medical, agricultural and energy.
FW Capital Investment Executive, Michael
Vassallo said: “GMS is an award-winning supply chain specialist
with a committed management team and considerable growth potential.
While the GMS’ recent successes have raised its profile and
attracted new clients, it is also building on its long-established
relationships with its global customer and supplier base as part of
“Owen and his team have achieved a great deal
in the year since we invested and their experience, expertise and
commitment have all contributed to their success. They have a clear
vision of how they want to build their business and FW Capital is
pleased to have provided them with the capital they need and also
to ensure that the funding structure is aligned with their
While outsourcing to China in the
manufacturing sector remains a popular, low cost option, delivered
quality can be an issue. GMS’ focused service ensures that its
customers receive quality-assured products and reliable deliveries
to help they stay ahead of the competition.
Michael Vassallo is based at FW Capital’s
Newcastle office at Clavering House, Clavering Place, Newcastle
Upon Tyne, NE1 3NG and businesses can contact him to discuss their
investment requirements on 07788 310467 or 0191 269 6966.
FW Capital made the investment from the North
East Growth Plus Fund which is part of the £125 million Finance for
Business North East Fund. The fund is targeted at established
businesses in the region and can provide single-round investments
of between £350,000 and £1.25 million.