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20/06/2018

Frontier Development Capital forges ahead investing more than £14million in the last 12 months

20/06/2018

Frontier Development Capital forges ahead investing more than £14million in the last 12 months

Frontier Development Capital (FDC) has rooted its foundations by investing over £14million into the SME median over the last 12 months. With a national presence deploying capital of up to £5million on a regional basis, FDC is head-quartered in Birmingham and has offices in the Northwest and East Midlands.

With an average deal size of £2.3m, the success of the last year has put FDC in good stead to continue to provide alternative finance to excelling SMEs and support the diversification of funding available to businesses in the UK. Already completing 6 new deals since its inception in late 2016 FDC has welcomed on board 3 new recruits in the last 5 months, taking the team total to 19. 

Amy Beasley joined from Mazars to head up business development; her role is to continually develop a focused business strategy for FDC and drive opportunities for SMEs around England. Carl Perry, previously of HSBC, joined as a Regional Investment Manager to support the generation of mezzanine deals within the West Midlands and Sue Varley is the latest Regional Investment Director to join the team, based in Nottingham, Sue sources and evaluates opportunities for East Midland businesses.

Sue Summers, CEO of Frontier Development Capital, said:
“Within its first 18 months FDC has flourished and continues to grow. We pride ourselves on being able to support small and medium sized businesses, providing far more than the capital we invest. Being able to provide access to a wealth of knowledge and highly successful business networks means our investee businesses realise their full potential and catalyse further business activity.

“We are confident that despite the challenges and uncertainties in our economic landscape we will continue to see resilient, impassioned businesses coming through and I look forward to another successful year”. 

Established in November 2016 as an appointed representative of Finance Birmingham, FDC remains on track for further business growth. It has a range of high-profiled deals within its portfolio, including £1.2m investment in the bespoke badge manufacturer Badgemaster as part of its expansion plans. Digital agency IDHL, procurement consultancy Inprova Group and property developer Richborough also benefitted from investment from FDC advised funds.