CAPITAL INJECTION FOR TOTAL SOLUTIONS GROUP

Welwyn Garden City-based Total Solutions Group (TSG) has secured a growth capital injection from Finance East in a deal supported by Forward Corporate Finance.

TSG was set up in 2014 by managing director Sharmin Akter and focuses on providing facilities and building services, including specialist cleaning, drainage, security and high access work.

The growth capital injection from Finance East enables TSG to invest into its IT systems and connectivity through technician PDAs, attract a new contracts manager and bid co-ordinator, launch a SOLVED365 franchise and retain Jeff Alden as an experienced non-executive director in the facilities sector.

“The growth capital provided by Finance East has enabled us to accelerate the opportunities available to us, whilst keeping the business focussed on the core service delivery to our customers,” said Akter.

Rob Dukelow-Smith led the deal for Forward and said Akter and her team had “a clear vision to provide an exceptional service to customers in areas of facilities and building maintenance that are often difficult contracts to tackle”.

“I know there are more plans in the pipeline for Sharmin and TSG and I look forward to working together with her on those strategies.”

Francis Kenealy, who led the deal for Finance East, added: “From the first moment I met Sharmin, through to completion of the deal, it has been clear to us that her tenacity and desire to grow the business matched the growth capital requirements for Finance East.

“We’re delighted to be able to assist her in the next stages of growth for her business with our capital injection.”

The company was also advised by Mark Stigwood, corporate lawyer at Attwaters Jameson Hill who provided the legal documentation with Finance East and arrangements with other finance providers to TSG.