Grant helps firm on the road to expansion

From left, Dean Rae of PMS, Chris Parker of NEL and Tony Morrison of PMS.

Preferred Management Solutions (PMS) is aiming to win more bigger contracts after putting expansion plans into action.

The move has been made possible after the company, was given access to £175,000 from the Finance For Business North East Growth Fund after working with regional fund management firm NEL Fund Managers.

The business, a full-service reactive maintenance and building services company, works with property management business, insurance firms, individual landlords and large plcs to fulfil both planned and emergency property repair contracts across the UK.

Tony Morrison, operations director at PMS, says: “The key to our expansion is having the capacity to fulfil the additional requirements that larger contracts bring with them, within the timescales and with the degree of certainty that clients rightly demand.

“We’ve built up a strong reputation in our industry and already work for a roster of impressive names, and the investments we’re making in further improving how we manage, monitor and deliver our services gives us the confidence and flexibility to take the business to the next level.

“The relationships we have across the industry are absolutely crucial when it comes to being considered for tender lists and contracts, and we’re working hard to strengthen the direct links we have with insurance firms, larger property management businesses and other specifiers.

“We’ve already added to the team this year, and our expectations are that many more North East jobs will follow as our expansion plans are rolled out.”

The money has been used to invest in an upgraded bespoke job management system to enable the company fulfil repair contracts with greater efficiency and speed to allow them to provide the capacity needed to build on the 500 jobs it currently manages every week.

David Thomas, investment manager at NEL Fund Managers, added: “PMS has a strong, scalable business model that has already shown how well it works, and the resources it now has in place provide the capacity required to do even more over the next few years.”

For details about NEL’s investment criteria, visit www.nel.co.uk or contact the team on 0845 111 1850.