Boost for FRL's future

22 October 2008

Asset Factor Infrastructure Services Limited (AFIS) has joined forces with Facilities Recruitment Ltd (FRL) and provided a significant injection of capital and management expertise to reinforce FRL’s position as a leading recruitment specialist in the FM and services market sector.

The AFIS investment will provide FRL with increased senior management capability, reinforce business systems and extend delivery capacity. AFIS has successfully secured a significant finance restructuring for FRL to a level that will fully underpin the expected business growth over the next two years.

As a first result of the venture, FRL has recently secured a circa £3m/yr contract with the Modus Group one of the UK’s leading Fit-Out and Facilities Management providers, The onsite recruitment management team are co-ordinating the sourcing of high calibre potential employees and temporary workers for Modus, to keep pace with the above average growth the company is achieving.

John Davis of FRL stated, “The involvement with AFIS makes FRL a more robust company, and will make our business more secure, for us and those we deal with. The new contract with Modus will demonstrate this as well.”

AFIS stated, “FRL have an exciting and extremely well respected brand within the industry and their association with a member of The Asset Factor group of companies will add a whole new dimension to the way their business moves forward”