JCM Heating and Renewables (JCM), the specialist installer of gas condensing boilers, has received a £400,000 funding facility from Secure Trust Bank Commercial Finance.
The Sale-based company, which is backed by Sale Sharks head coach Steve Diamond, provides installations to homeowners and businesses nationwide. It employs 30 staff and has sites in Liverpool, London and Birmingham, in addition to its North West headquarters.
JCM is an accredited Green Deal installer and is currently seeing an increase in demand following the government’s flagship energy efficiency scheme.
The invoice finance facility means that the company can execute its growth plans and strengthen its nationwide coverage. It is already set to invest in two new sites in Leeds and Newcastle.
Managing director Jon Mitten said: “As a business, our aim is to be the number one provider of gas condensing boilers in the UK. The additional funding line means that we now have the flexibility and cash flow in place to take us one step closer to achieving this goal.”
Secure Trust Bank is an AIM-listed challenger bank owned by Arbuthnot Banking Group. It launched its Commercial Finance arm in September this year and has teams in Manchester, Birmingham, Leeds, Bristol, the South Coast and London.