British high-level maintenance business High Access raises £3.3M from BGF
High Access Maintenance has secured a £3.3m investment from BGF (Business Growth Fund) to pursue further growth across the UK.
Founded in 2005 by chief executive Niel Bethell, the business carries out at-height work for major property management firms including CBRE, Savills and Allied London. Generating turnover of £5m through its planned project and reactive services, services include roof, gutter and lighting maintenance and high level cleaning, glazing and coating services.
Neil and his management team already employ the highest number of at-height operatives in the North West and plan to expand the teams across London and Birmingham in response burgeoning property development and redevelopment market. According to think tank New London Architecture, there are 436 structures of 20 storeys or more in the pipeline in the City of London, providing significant market opportunity for the business.
High Access has built a first-class reputation for health and safety and holds a number of safety accreditations in a highly regulated market. Atypical of other firms in the sector, the firm owns its own equipment and employs staff directly, which means it can respond quickly and efficiently to customer requests. The business was accredited as a UK living wage employer in May 2016.
To support its growth, Neil has appointed Stuart Lees as non-executive chairman. Stuart Lees is founder of Signia Corporate Finance Limited, former Managing Director at Altium Capital and former Chief Executive of Latium Group, a manufacturer and retailer of windows.
High Access joins a growing number of UK businesses that have chosen BGF as a minority equity partner. So far this year, in the North West, BGF has invested in Grace Cole, RMS International and Sofology, and provided further growth capital to investee businesses TD4, the company behind Boost Juice Bars and The Shake Lab, and Barburrito.
Niel Bethell said: “Having built a strong customer base and a fantastic in-house team through our focus on safety, scope of work and responsiveness, now is the right time to accelerate our growth plans. We are well placed to take advantage of the market opportunities, and BGF’s investment allows us to put our strategy into immediate action.”
BGF’s Neil Inskip who joins the board of High Access said: “High Access is a quality business run by an ambitious management team. Over the past five years, we have seen more and more of North West businesses come to the fore with the confidence to pursue their growth strategy. That’s a positive development, and I believe a good prognosis for region’s business community.”
The investment was led for BGF by Neil Inskip and Rhys Davenport.
Source : High Access Maintenance Press Release