Nationwide Frame Services secures £1m funding for growth

Nationwide Frame Services has secured a £1m funding facility to help it capitalise on the post-pandemic construction boom.

The Chorley-based firm is owned by brothers Paul and John King, employs 60 people and is celebrating its 25th anniversary this year.

Supplying and installing windows and doors for housebuilders, Nationwide counts Bellway, Taylor Wimpey and David Wilson Homes among its regular customers, and is expecting to see orders rise above pre-pandemic levels this year.

The working capital facility has been provided by SME funding specialist Reward Finance Group, after the two were introduced by management consultant Shaun Wane of the Wane Group working in collaboration with recently appointed company accountant Mike Hickman of Practical Business Solutions.

Paul King, director of Nationwide Frame Services, said: "Like many in our sector, our turnover was impacted by Covid-19 over the last two years because construction sites were initially closed, hitting build schedules, followed by supply chain issues. Despite all of this we remained profitable throughout.

"However, it did have an impact on our cash flow, and we were keen to release money tied up in invoices, as well as having additional working capital to buy increased levels of stock to meet the growing demand."