Manchester-based kitchen fittings supplier Fittingsco is set for notable expansion thanks to a substantial investment from NPIF II – FW Capital Debt Finance.
This boost will enable Fittingsco to expand its team and stock levels, driving growth and enhancing its operational capabilities.
Expanding Operations and Stock Levels
Fittingsco, a trade kitchen fittings supplier based in Chadderton, Manchester, is poised for significant growth with a substantial investment from NPIF II – FW Capital Debt Finance. This funding will enable the company to bolster its sales team and increase its stock levels, positioning it for an upward trajectory in sales and operations.
The funding, a component of the Northern Powerhouse Investment Fund II and administered by FW Capital, has already facilitated the integration of an industry specialist into Fittingsco’s team. This strategic addition aims to enhance the company’s operational capabilities and drive sales growth.
A History of Innovation and Quality
Founded in 2017 by former Team GB swimmer Dan Briggs, Fittingsco has carved a niche in the furniture fittings industry. The company offers a diverse range of products, including cabinet hinges, drawers, and LED under-counter lighting, catering to the kitchens, bedrooms, and bathrooms sectors.
Operating from Meadowbank Business Park, Fittingsco’s distribution network spans the entire United Kingdom and international markets. The company’s portfolio features products from renowned manufacturers such as DTC and STARAX, who are known for their high-quality hinges, runners, and drawer systems.
Briggs’s commitment to innovation is reflected in his recent partnership with Harley & Wager, a new decorative hardware brand aiming to introduce fresh designs to the market.
Strategic Investment for Growth
Dan Briggs, Managing Director at Fittingsco, emphasised the transformative impact of the NPIF II investment. He noted, “The NPIF II investment from FW Capital will make a massive difference to our business and the speed at which we can scale up our operations.”
The primary focus of this investment is to significantly increase stock levels. Briggs anticipates the full effects of this strategic move will become evident in the new year, positioning Fittingsco to stay ahead of market trends and innovation.
Briggs added, “This investment will assist our plans to introduce further new high quality and innovative products into our range.”
Support from FW Capital
Caroline Turley, Investment Executive at FW Capital, underscored the objectives of NPIF II in supporting scalable businesses. “Helping businesses to scale up is a key objective of NPIF II, and with our backing, Dan and his team are making moves to expand further and support their inventory planning strategy,” she remarked.
Turley highlighted Briggs’s journey from a professional swimmer to a successful entrepreneur, praising his determination and vision for growth. She also acknowledged the role of Nick Chapman from Complete Business Finance in facilitating this partnership.
Impact on the Regional Economy
Sue Barnard, Senior Manager at British Business Bank, lauded Fittingsco as a prime example of Northern success. She noted, “Fittingsco is a great Northern business using NPIF II funding to grow, with Dan now planning to expand the team, which will create jobs in Greater Manchester.”
Barnard commended Briggs for his astute identification of a growing market need and his ability to leverage his business acumen to meet this demand. The company’s growth is expected to drive increased demand for its products, benefiting both the local and international markets.
“It’s brilliant to witness a Northern business using NPIF II to grow and service clients internationally,” Barnard concluded.
Future Prospects
The strategic investment from NPIF II is set to accelerate Fittingsco’s growth and solidify its market position. The enhancement of stock levels and the introduction of innovative products are central to the company’s expansion strategy, ensuring it remains competitive and responsive to market needs.
Briggs’s vision for Fittingsco includes continued engagement with industry trends and the integration of cutting-edge products, which will further propel the company’s success.
As Fittingsco embarks on this new phase of growth, its commitment to quality, innovation, and customer satisfaction remains unwavering.
The substantial investment from NPIF II is a pivotal moment for Fittingsco, promising significant growth in sales and operations.
With increased stock levels and ongoing innovation, Fittingsco is well-positioned for future success and market leadership.
