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Image caption: Jordan McGorrigan for FW Capital and Derek Laird for Next Level Security at the head office in Stockton, Teeside. Photo: John Millard/UNP.

15th June 2022

Security firm secures NPIF funding to support new contract wins

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Northern Powerhouse Investment FundNPIF FW Capital Debt FinanceTees Valley Combined Authority LEP

Next Level Security Services (NLSS) is celebrating after securing significant a new contract worth £15million and a six-figure investment from NPIF – FW Capital Debt Finance, managed by FW Capital and part of the Northern Powerhouse Investment Fund.

Headquartered in Stockton-on-Tees and with offices in Leeds and Paisley, the funding is helping NLSS to fulfil the requirements of the new contract win with the creation of new jobs including local apprenticeships. It also cements further NLSS’s position as the one of the top providers of security services in the UK and its plans to drive future growth.

NLSS was established in 2015 and currently employs 184 people. It specialises in the provision of all aspects of security from security guarding, access control, key holding and response, CCTV, close protection operative and consultancy services.  NLSS customers also benefit from improve communication services thanks to a unique NLSS Security App.

Derek Laird, Managing Director at Next Level Security Services explains: “We required growth funding to be able to employ additional members of staff to work on this significant new contract secured in the retail sector. This investment boost has also given us the confidence to go out and win further new business and generate significant future revenue for NLSS.

“Since we set up in the business seven years ago, we have gone from strength to strength. We offer the full package for security services and work with a wide range of customers across the UK. Working with Jordan at FW Capital has been fantastic, he has been very supportive, and having the NPIF funding in place is making a real difference to NLSS. We have experienced a massive increase in business and are really going places with the backing of NPIF – FW Capital Debt Finance.”

Jordan McGorrigan, Investment Executive at FW Capital said: “NLSS is experiencing fast growth and has an excellent reputation in the security sector providing the highest level of service to its clients. The new contract wins have led to the creation of new jobs, and we are delighted to help facilitate this and their future growth plans with funding from the NPIF – FW Capital Debt Finance fund.”

Sean Hutchinson at the British Business Bank, said: “We are pleased that NPIF has been able to support yet another high-growth business in the North, providing vital funding that will enable job creation and expansion into new markets. This investment demonstrates how debt funding can make a real and measurable difference to businesses across the Northern Powerhouse region, which in turn helps create a more prosperous regional economy.”

NLSS was the first UK Security Provider in the UK to achieve the ACM-CCAS highest rating, the Diamond Standard Accreditation and this year was awarded PaceSetter Status. The ACS Pacesetters membership is made up of Contract Security Guarding Companies who are in the top 15% benchmarking and achievement levels set by the Security Industry Authority Approved Contractor Scheme.

FW Capital can provide loans in the NPIF region with a focus on Cheshire, Cumbria, Greater Manchester, Lancashire, Merseyside, and the Tees Valley.

The Northern Powerhouse Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.

FW Capital Limited is regulated by the Financial Conduct Authority as a small authorised UK Alternative Investment Fund Manager under firm reference number 506719

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