Profit growth allows Liverpool restoration firm Forshaw Group to settle £500k investment

Soaring profits have allowed property restoration firm Forshaw Group to repay a six-figure investment provided by Merseyside Special Investment Fund (MSIF) three years ahead of schedule.

Liverpool-headquartered Forshaw received backing to the tune of £500k from MSIF three years ago.

Since the deal, which funded a management buyout led by directors Liam Hanlon and Jay Calvert, the company has seen its turnover double to £6.3m and taken on 36 new staff.

The firm now employs a team of 50 along with 150 subcontractors.

Liam said: “MSIF’s funding was crucial to the growth of the business, and they have been a great source of support and advice.

“One of their portfolio directors has attended all our board meetings and their knowledge and expertise has really been invaluable to us. We’ve performed way ahead of the business plan hence being able to repay the investment early which will save us thousands in interest.”

Speaking further, Liam said one of the company’s “greatest achievements” since the MBO was the launch of its apprenticeship academy.

He added: “We’ve also invested heavily in IT implementing a new cloud based system to manage all of our claims.”

The next phase of Forshaw’s expansion, Liam explained, will include moving into larger premises in Knowsley.

MSIF portfolio director Marion Savill commented: “Liam and Jay have done a fantastic job with Forshaw Group.

“As well as being astute businessmen they are also great believers in corporate social responsibility as is evidenced by their apprenticeship scheme which has been a resounding success.”

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