Funding helps All Round Security lock in growth

A Haydock-based security company is accelerating its growth with a significant investment to support its expanded operations and increased workforce.

All Round Security, the UK’s largest independent security specialist for automatic doors, shutters, entry systems and barriers, which counts the likes of River Island, CBRE, Mitie and Heathrow and Manchester Airports among its customers, has secured the largest loan granted by NPIF II – FW Capital Debt Finance to date.

The company, led by Darren Keegan and co-founder Peter Fairbrother, has recently acquired dormakaba’s Northern Service Division, adding over 3000 customers across the North of England. 

This has led to All Round Security doubling its workforce to more than 200 employees and now operating a fleet of over 100 engineers.

Bosses say the funding will support the company’s working capital needs, helping it meet growing demand and manage its increased workload, while additional support from Allica Bank further strengthens its financial position.

Darren Keegan, managing director at All Round Security, which has offices in Washington, Falkirk and Heathrow in addition to its Haydock headquarters, said: “Integrating dormakaba’s Northern Service Division has added greater depth to the Northern half of our business and provided a platform from which to drive even more future growth. 

“The Service Partnership with dormakaba offers a great opportunity for growth with the product support of a worldwide manufacturer. 

“We felt the time was right to take on extra work and the backing from FW Capital means we’ve got the working capital to meet the increased volume of work and facilitate our cashflow requirements. 

“We’ve also entered into a financial funding agreement with Allica Bank to help support our expansion.”

Barry Wilson, investment executive at FW Capital, added: “All Round Security is an impressive business that we’re helping to reach the next level of growth.

“It has managed to double the size of the business in a short space of time and with our financial backing it is well placed to meet the working capital needs that come with the increased demands for work.  

“We’ve also collaborated with Ian Flaxman at Allica Bank which has provided additional working capital support.” 

The £660 million NPIF II fund, which is administered by the British Business Bank, provides loans from £25,000 to £2 million and equity investment up to £5 million to help a range of small and medium sized businesses, driving innovation and creating opportunities for businesses to grow, scale and thrive.

Sue Barnard, senior manager at the British Business Bank, added: “It’s great to see a North West-based business capitalising on the increasing need for security solutions, seeking support from NPIF II to unlock potential and create over 100 new jobs in the region.

“All Round Security is a brilliant example of a business that is using NPIF II funding to support its growth and improve its contribution to the regional economy.”

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