Peak Costs secures six-figure funding boost

A specialist legal services provider with offices in Carlisle and Liverpool has secured a six-figure investment to accelerate expansion following a recent merger.

Peak Costs has received funding from NPIF II – FW Capital Debt Finance, managed by FW Capital as part of the Northern Powerhouse Investment Fund II (NPIF II). 

Formed in 2025 through the merger of Paramount Legal Costs and KE Costs, Peak Costs now employs 40 staff, positioning it among the largest specialist legal costs providers in England and Wales. 

The firm, which expects annual turnover to exceed £3 million, delivers a range of legal costs services to law firms, focusing on complex areas including clinical negligence, personal injury, Court of Protection and commercial litigation.

Bosses say the investment will provide working capital to support integration costs and scale the firm’s infrastructure and operating systems.

They add the funding is also set to create at least five new specialist roles, with two already filled.

Martin Walsh, managing director at Peak Costs, said: “Since the merger, our teams from KE Costs and Paramount Legal Costs have gelled exceptionally well. 

“We are now in a strong position to expand further. 

“While we explored various lending options, the offering from FW Capital was the perfect fit for our current stage of development. 

“We have a very busy pipeline of work, and this investment is already being put to good use to help us realise our ambitions.”

Adam Husband, senior investment executive at FW Capital, added: “Following their merger, Peak Costs quickly became a major player in the specialist legal services sector. 

“The funding we have provided is helping them scale up even further, supporting cash flow management and the creation of high-quality jobs. 

“This demonstrates how NPIF II funding can bolster the legal services sector and is a great example of business success coming from Cumbria and Liverpool City Region.”

The deal was introduced by Martine Catton, from Thrive Commercial Finance, part of The Broker Hub.

The £660 million NPIF II fund, operated by British Business Bank, provides loans from £25,000 to £2 million and equity investment up to £5 million to help small and medium-sized businesses.

Sue Barnard, senior investment manager at the British Business Bank, added: “Through NPIF II, we’re helping strong businesses like Peak Costs create high-quality jobs and drive local economic growth. 

“The company is a market leader in the professional services sector, which is a key part of the UK’s industrial strategy, and we’re supporting it to reach its next level. 

“We’re proud to back ambitious companies making a real difference in their communities and across the region.”

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