Waste and construction services company NWH Group has secured a £7 million finance facility from Royal Bank of Scotland to help the company fund future acquisitions.

Following the purchase of the business and assets of DJ Laing’s waste management operations in Dundee for an undisclosed sum last year, the Dalkeith firm said it has found itself “on a very stable financial footing”.

Since making that acquisition, NWH’s business has gone from strength to strength with the company projecting turnover to rise in its latest financial year (year ending 30 September 2016) from £22m to £28m, accompanied by a significant rise in profits.

With roots in haulage stretching back to 1953, providing lime-spreading services to local farmers, NWH Group shifted its focus towards waste management and construction services, becoming one of the industry’s market leaders in Scotland. The company now employs around 240 people at its Midlothian head office and across three additional sites in Edinburgh, Glasgow and Dundee.

After putting its banking requirements out to tender this year, NWH opted to continue its banking relationship with the RBS.

Mark Williams, managing director at NWH Group, said: “This new financing package which RBS has put in place underlines its understanding of the company and is the right solution to help support further growth and expansion of our business across Scotland.

“Following last year’s purchase of DJ Laing, we are growing our business and find ourselves on a very stable financial footing. We see opportunities on the back of recent environmental legislation to grow both organically and through further acquisitions. We are currently looking at a number of potential companies which complement our existing lines of business.”

David McIntosh, relationship director at RBS, added: “NWH has successfully traded and diversified its operations over six decades. The current financial performance underlines the strength of the existing management team and its plans.”