TSF Retail Solutions targets growth thanks to multi-million pound deal
A leading North East-based shop fitter which works with UK
retail giants such as Tesco, Sainsbury’s, Homebase and Topshop, can
now be bolder in its growth plans after attracting significant
investment from Aldermore and FW Capital.
The company, which was established in 1993 by Malcolm Foulis and
David Craggs, now operates from an 110,000 sq ft factory in
Peterlee, Co. Durham, with more than 100 members of staff.
In search of funding to build its workforce and attract major
new clients in the DIY and fashion retailer sectors, TSF Retail
Solutions approached leading SME investment company FW Capital,
which has subsequently invested a six-figure sum in the
In addition, TSF Retail Solutions has brokered a deal with
Aldermore, which has provided a multi-million pound working capital
facility to support it in its ambitious growth plans.
Aldermore specialises in award-winning commercial finance for
SMEs. The regional distribution of the Invoice Finance team means
it works closely with SMEs across the UK to really understand the
needs and concerns of business owners. Chris Huntington, Regional
Sales Manager at Aldermore Invoice Finance, worked closely with TSF
Retail Solutions and FW Capital to facilitate this deal.
With the new deal in place, TSF Retail Solutions has been able
to purchase the latest laser-precision cutting machinery to provide
more innovative shop fitting solutions to its clients.
The investment will allow TSF Retail Solutions to initiate an
ambitious recruitment drive.
The company has already recruited 5 new graduate trainees, an
Account Manager and a Project Manager and, committed to nurturing
new talent in the region, has entered into a partnership with
Sunderland College to provide a number of apprenticeship placements
within the factory.
In addition, TSF Retail Solutions has secured a number of lucrative
contracts with the likes of Travis Perkins, the UK’s largest
builders’ merchants, Home Retail Group which owns Homebase, Argos
and Habitat, and Arcadia Group which includes Burton,
Topshop/Topman and Dorothy Perkins.
Malcolm Foulis, Managing Director at TSF Retail Solutions, said:
“The support and investment through FW Capital and Aldermore has
allowed us to be bolder and more flexible in our future
“Our principal contracting division is an area we recognise as
being key to our growth and we are now more confident and better
positioned - both with personnel and equipment - to bid for larger
contracts and tenders.
“Our aim is to establish ourselves as the premier supplier of
innovative shop fitting solutions in the UK and with the help of FW
Capital and Aldermore, there’s no reason why we can’t achieve
Chris Huntington, Regional Sales Manager of Invoice Finance at
Aldermore, added: “TSF Retail Solutions is a prime example of the
flourishing SME community in the North East. Aldermore is perfectly
placed to support the company’s big ambitions and we’re thrilled to
be able to help a thriving business that is boosting local
employment and developing future talent.
“We were particularly impressed by FW Capital’s levels of due
diligence, sector knowledge, track record and its ongoing
involvement with TSF Retail Solutions.”
Michael Vassallo, Senior Investment Executive at FW Capital
commented: “TSF Retail Solutions has a strong management structure,
proven track record and quality client base. We’re confident
that our investment will help the company achieve its goals.
“We’re now looking forward to working with TSF Retail Solutions
on an ongoing basis as it implements its ambitious growth strategy
and confirms its position as the number one shopfitter for major
retailers in the UK.”