Hastings firm eyes growth new chairman and £9m in fresh funding

Former Mace construction boss Mark Castle has joined an East Sussex fire sprinkler firm as its non-executive chairman.

Castle’s appointment comes as family firm Triangle Fire Systems said investor BFG had pumped £9m into the business which is based in Hastings.

Triangle Fire Systems specialises in the design, installation and maintenance of sprinkler systems in domestic, commercial and retail buildings across the UK.

Mark Castle

Mark Castle is still a non-exec at Mace

In its last set of results filed at Companies House, revenue in the year to February 2021 was flat at £21.4m but pre-tax profit was up by half to £2.2m.

The firm said it had 82 employees during the period, up from 72 for the 12 months before.

Triangle said Castle’s arrival was part of the BFG deal with Castle adding he was “look[ing] forward to putting my experience of scaling businesses to good use as the company gears up for its next stage of growth”.

Castle remains a non-executive at Mace after stepping down as the firm’s chief operations officer for its construction arm last spring. He joined the business from US fit-out specialist Structure Tone in 2004, having earlier spent seven years at Wates.