Newable Capital is the SME investment arm of Newable Limited,; the wider group that supports UK growth companies with funding, advice and resources., Newable Capital will be supporting CMS in meeting increased demand from new and existing customers.
CMS operates 24/7, 365 days a year, specialising in the installation, maintenance, and repair of business-critical systems including heating, plumbing, electricals, air conditioning, catering equipment and renewables.
The long-term investment from Newable Capital, will enable CMS to strengthen its position in the UK market, invest further in human and physical capital to support the growing demand, and continue to respond to its clients’ needs.
The planned investment in technology and training will improve the company’s efficiency and enable the business to further develop its service offering across areas such as renewables where there is increasing demand from clients.
Throughout the past year, CMS has continued to increase its national coverage and service offering. CMS expanded its operations in Scotland, and has recently established an engineering hub in Paisley, further supporting the firm’s expanding client base in this region, which includes Travelodge, Fife Council and Four Seasons Health Care.
Additionally, with a sharper focus on sustainability and the renewables market, the company now offers services from the installation of hydrogen systems in the industrial sector through to EV charging points at hotels and continues to invest in research and development into innovative low carbon solutions.
Nic Smith, Managing Director at Commercial Maintenance Services UK Ltd commented:
“Over the past 22 years, CMS has proved itself to be agile and resilient, responding to changing demands and developing new opportunities, and we are delighted to welcome the investment from Newable that will support the continued growth of the business.”
“It's been a pleasure working with Peter and the Newable team and we are extremely excited about our plans for the future which will see innovative solutions for our customers, investment into our workforce and the creation of jobs throughout the UK.”
Peter Barrand, Managing Director at Newable Capital commented:
“We have been hugely impressed by the business that Nic and Neil have built and the continued growth they have experienced over the last 20 years. Our aim is to leverage the resources of Newable to support CMS’ journey as we cement their leading position in the market. We look forward to working with the whole team at CMS in a very exciting time for the business.”
“For Newable Capital, this represents another strategic investment in successful businesses working at the heart of the UK economy.”
Newable Capital were advised by Bob Alsop (Crowe LLP) and Andrew Firman (Carter Lemon Camerons LLP), CMS were advised by Tom Eatough (KBS Corporate Finance Ltd), Matthew Walsh (Muckle LLP) and Haines Watts.
Newable Capital forms a key part of Newable, the leading provider of workspace, money and advice to SMEs which was established in 1982. Newable Capital provides investment to help profitable, well-established UK SMEs through their growth journey, with previous investments including ARC Building Solutions in December 2019, J.C Atkinson and Sons in July 2021, London Fire Solutions in March 2021, Dancerace in July 2021 and Weldfast in August 2021.
Read more about CMS’ 24 hours a day, 365 days a year services across commercial gas, plumbing, heating, air conditioning, electrical and catering equipment repair, maintenance and installation across the UK.