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Posted on March 5, 2019 by staff

Tech underpins risk management firm’s growth

A Cardiff based risk management firm specialising in health and safety, environmental and quality compliance has its eyes set on international expansion after consolidation in the UK and investment in its technology offering.

Alcumus Group, which turns over £48.1million and employs more than 560 employees across five offices in England and Wales, will significantly invest in its product offering, increase headcount and explore additional acquisitions, following support from NatWest to free up capital.

The technology-led business develops and implements software alongside accreditation and certification, to help companies capture risk data and ensure health and safety compliance.

The firm is targeting further growth in construction, manufacturing, retail and banking sectors before setting its sights on international expansion.

“The role of technology is also becoming critical as clients have an increasing desire for one source of data to monitor and predict performance across their entire business,” said Alyn Franklin, CEO of Alcumus Group.

“Alcumus is uniquely placed to provide these solutions across multiple facets of risk – from Health and Safety through to Environmental and Quality Management.”

“Support from NatWest will allow us to further invest in our offering, and in raising awareness of risk and compliance, which unfortunately can go unaddressed as companies don’t realise what regulations they need to comply with.”

Stefan Gunn, structured finance director at NatWest, added: “NatWest is delighted to support Alcumus Group in its recent recapitalisation.

“We have known the business for several years and followed with interest the Inflexion MBO and the subsequent Santia acquisition.

“Our facilities allow the group to optimise its capital structure and provide ample flexibility to continue to drive growth, organically or through acquisition.

“We are excited to build on the strategic partnership with Alyn and the Alcumus team, whilst also supporting, Inflexion, a key NatWest relationship.”