JOBS are set to be created in Yorkshire after BGF announced a £3m growth capital investment in Nationwide Window Cleaning.
NWC, which is based in Harrogate, employs and centrally manages 200 staff from around the UK, providing cleaning services to universities, hospitals, large retailers and other commercial businesses.
Established in 2009 by managing director Thornton Tasker, the company has an annual turnover approaching £10m and manages several major window cleaning contracts including the Royal Bank of Scotland, Leeds-based supermarket chain Asda and the British Museum.
The £3m investment will allow the company to expand its fleet and equipment, and hire new staff within its abseiling and specialist cleaning divisions where the company continues to experience growing demand. It plans to use part of the capital investment to increase its workforce in these business areas, with the aim of achieving a fivefold growth in revenue over the next seven years.
Stuart Lees, the managing director at Altium Capital, and former chief executive of Latium Group, a manufacturer and retailer of windows, has been appointed non-executive chairman at NWC. Neil Inskip, senior investment manager at BGF, joins the board of the company.
Mr Inskip said: “We’ve tracked NWC over the past two years and are impressed by its progress and development under the leadership of Thornton Tasker. There is an extremely strong management team in place, with a clear business strategy and sound operating model.
“In a relatively short amount of time, NWC has become an industry leader in a market with significant opportunities, making the business well placed to build on the number of existing contracts it manages.”
Andy Gregory, regional director, North of England and Northern Ireland, for BGF said: “This is the 63rd growth capital investment made by BGF in UK companies, and the 12th investment made in companies headquartered in the north of England.
“Our aim is to work with enterprises that span a diverse range of industry sectors, and as such, we are delighted to be working with NWC.”