Flowrite

Flowrite

Type: MBO

Total Originally Invested: £1.4 million

Initial Investment: May 2012

Sector: Business Services

Website:

Overview

Flowrite Services Limited is the UK's leading national refrigeration & air conditioning specialists in reactive repair, maintenance and installations within the Retail & Hospitality and Commercial sectors. With a dedicated in-house team of fully trained engineers situated across the UK, Flowrite offers national coverage, rapid response times and high first fix rates. Flowrite boasts an annual turnover exceeding £10 million and they employ approximately 140 members of staff including 100 engineers.

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Company Background

Flowrite has enjoyed continuous, steady growth since it was first established in 1992, earning the loyalty and respect of an impressive blue chip client base. The company's longevity and ongoing success in the market are attributable to a number of important competitive advantages and enabled the company to benefit from a Management Buyout and Venture Capitalist investment in 2012.

Foresight Investment

Foresight invested £1.4 million alongside banking facilities from RBS and Nat West and roll-over investment from the former CEO to provide the Company with sufficient working capital to pursue the attractive growth opportunities identified by the strong management team.