Chorley-based Nationwide Frame Services, which supplies and installs windows and doors for leading housebuilders, is targeting strong business growth thanks to a £1m working capital injection from Reward Finance Group.

Owned by brothers Paul and John King, the company employs 60 people and is celebrating its 25^th anniversary this year.

Despite the challenges in the UK construction market over the last two years, chiefly due to pandemic restrictions and supply shortages, the company has continued to deliver contracts to a loyal customer base including Bellway, Taylor Wimpey, and David Wilson Homes.

Director of Nationwide Frame Services, Paul King, said: “Like many in our sector, our turnover was impacted by Covid over the last two years because construction sites were initially closed, hitting build schedules, followed by supply chain issues. Despite all of this we remained profitable throughout.

“However, it did have an impact on our cash flow, and we were keen to release money tied up in invoices, as well as having additional working capital to buy increased levels of stock to meet the growing demand.”

Mike Calvert, Reward’s business development director North West, added: “Construction industry suppliers have faced some of the toughest challenges over the past couple of years because of the pandemic. However, the future is bright, as the UK urgently needs to build new homes, and Nationwide is perfectly placed to work with housebuilders to meet the demand.

“We were therefore happy to provide the £1m facility via our Asset Based Solutions product, which uses a number of assets as security, to provide the springboard for their next 25 successful years.”