
UK - AFM fuels Rowlico expansion with £600,000 investment
Alliance Fund Managers (AFM), through the Merseyside Special Investment Fund (MSIF) Venture Fund, has completed an investment of £600,000 into fuel distribution business Rowlico Fuels Ltd.
Liverpool-based Rowlico supplies a wide range of fuel oils to industrial, commercial, agricultural, retail and haulage customers nationwide, with clients including Bellway and Liverpool John Lennon Airport. The company was established by managing director Neil Williams in 2007 and has grown rapidly to current turnover of £30m, with this expected to rise to £60m next year. The business currently employs eight staff and anticipates increasing this to 15 over the next twelve months.
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