A Wirral-based national roofing business has been advised by law firm Hill Dickinson on a £4.6 million investment by private equity firm, Foresight Group
Founded in 1982 by Herbert and Denise Williams, Wirral Roofcare is a family business supporting housing associations, outsourced service providers, insurers and domestic customers with emergency and planned roof repair and maintenance services. The couple’s son, Scott Williams, is managing director.
As part of the investment, Scott Williams will be joined by entrepreneur Brian Murphy, founder of the Merseyside-based Fieldway Group, as chair, and new finance director David Pearce, to provide support on the company’s next phase of growth.
Wirral Roofcare has contracts in the social housing sector across the North West, North East and Midlands and currently employs a team of 80 people, with an annual revenues of £7 million.
The cash injection by Foresight Group aims to realise the significant potential the business has to scale further, building the company’s regional footprint by accessing larger frameworks and expanding into the prisons and hospitality sectors.
Corporate partner Matt Noon and legal director Phil Wallbank led on the provision of legal advice to the Williams family.
It was a real pleasure to work with Scott and the management team at Wirral Roofcare to guide them through this exciting next step for a business they have so successfully built as a family over the last 40 years. Private equity investment is a huge step-change, taking the potential growth opportunity for Wirral Roofcare to a whole new level.Matt Noon
Corporate Partner
Matt Noon said: “It was a real pleasure to work with Scott and the management team at Wirral Roofcare to guide them through this exciting next step for a business they have so successfully built as a family over the last 40 years. Private equity investment is a huge step-change, taking the potential growth opportunity for Wirral Roofcare to a whole new level.
“It has come at exactly the right time for the Williams family, allowing Herbert and Denise to fully exit the business, while giving Scott and his team the resource to invest in new opportunities.”
Scott Williams, managing director, Wirral Roofcare, added: “I am confident that the investment from Foresight, married with strong foundations and the relationships the business has built over many years, gives us an excellent base from which to grow. I’d like to thank Matt and Phil of Hill Dickinson, whose expert and timely advice significantly eased the process at every step, from start to finish.”