London facilities management specialist secures "significant" funding for share buyback
A London professional facilities management company has announced that it has received a “significant” funding package.
Jones FM, which has 44 sites across London and the South, has received a share buyback funding package by alternative finance provider ThinCats.
The company was founded in 2012 with 12 employees and one site, and has since grown to more than 100 full time staff.
The team manages engineering services across the commercial sector, including planned and reactive mechanical and electrical maintenance, fabric maintenance, project support drainage systems and energy management.
The business was introduced to Thincats by Roger Fenwick at Mantra Capital, London-based financial consultancy firm.
Chris Jones, CEO of Jones FM, commented: “The business has grown considerably over the past few years.
“We have been very successful at winning new contracts by maintaining strong relationships, and are focused towards organic growth to continue to win new business.
“It is an exciting time for us, and we thank ThinCats and Mantra Capital for believing in our business and supporting us in this way.”
Roger Fenwick, managing director of Mantra Capital, said: “It has been a pleasure to work with both businesses in putting together the funding to complete the acquisition of the already successful Jones FM business and to being able to start it on the next exciting stage of its journey.”
Stuart Thompson, director of regional business development at ThinCats, added: “Chris has a wealth of experience within this industry, and the team has demonstrated an admirable ability to build on their impressive reputation to grow their client base, which bodes extremely well for the future. We wish them every success.”
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