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ffx.co.uk

Founded Year

2003

Stage

Secondary Market | Alive

Total Raised

$6.2M

About Folkestone Fixings

Folkestone Fixings is an independent supplier of high quality tools, fixings and building supplies.

Folkestone Fixings Headquarter Location

CCK House, Park Farm Road Park Farm Industrial Estate, Folkestone

Kent, England, CT19 5EY,

United Kingdom

01303 852692

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Latest Folkestone Fixings News

Foresight invests £4M in Folkestone Fixings, UK construction equipment supplier

Oct 23, 2015

23/10/2015 · United Kingdom · Construction & Materials · Foresight Group Foresight Group (“Foresight”) has invested £4.0 million to support growth of Folkestone Fixings Limited (“FFX”) with funds from Foresight VCT, Foresight 2 VCT and Foresight 4 VCT. FFX is a multi-­-channel supplier of high quality hand tools, power tools and accessories, fixings, fasteners and general building products. Headquartered in Folkestone, FFX supplies contractors, building firms and the DIY sector. Initially founded as a traditional ‘bricks and mortar’ supplier at its Folkestone site, FFX launched its ecommerce channel in 2009 and has since grown rapidly. Experienced sector entrepreneurs Patrick Ker and Tim Horrell have also invested and joined the business in executive positions and will work alongside the incumbent management team to drive growth. George Adams is joining the company as Chairman. Adams has held multiple senior positions in the building products sector, including the Chairmanship of Screwfix while at Kingfisher plc.. The investment follows a period of strong growth for the business, which has doubled revenues in the last three years. The experienced management team are looking to continue the growth through introduction of new product ranges, improved marketing and expansion into a new 60,000 sq ft distribution centre. James Livingston, Director, Foresight Group, commented: “We are excited to invest in FFX alongside the experienced and entrepreneurial management team. The business has a strong market position and has delivered rapid growth. We look forward to working with management to further expand and diversify the business.” Tim Horrell, Present Executive Chairman, Folkestone Fixings Limited, commented: “Once we’d been approached by FFX we knew this was the right platform, so it was a matter of making sure the deal happened. Working with Foresight was very straightforward; it was a pleasure negotiating with sensible, pragmatic backers. We are very excited by the potential of this fast-­-growing business.” Source: Foresight Press Release

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  • When was Folkestone Fixings founded?

    Folkestone Fixings was founded in 2003.

  • Where is Folkestone Fixings's headquarters?

    Folkestone Fixings's headquarters is located at CCK House, Park Farm Road, Kent.

  • What is Folkestone Fixings's latest funding round?

    Folkestone Fixings's latest funding round is Secondary Market.

  • How much did Folkestone Fixings raise?

    Folkestone Fixings raised a total of $6.2M.

  • Who are the investors of Folkestone Fixings?

    Investors of Folkestone Fixings include H2 Equity Partners and Foresight Group.

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