Yorkshire window cleaning business buoyed by £1.5m investment
The Business Growth Fund (BGF) has backed Yorkshire-based Nationwide Window Cleaning with a £1.5m investment.
The business, founded in 2009 by Thornton Tasker, has grown to be one of the UK’s largest window, gutter and high-level cleaning companies. Since reporting a turnover of £7.5m in June 2014, the business announced revenues of over £14m in June earlier this year.
The latest round of investment, NWC’s second from BGF, will largely be used to facilitate the firm’s acquisition of Reflekt Cleaning Company which operates across the Midlands.
The acquisition strengthens NWC’s presence in the region and provides further scale in the areas of high-level cleaning and dusting, duct cleaning, canopy and roof cleans.
NWC recently bolstered its operations and customer-base in Scotland and London following the acquisition of the trade and assets of Superior Window Cleaning.
Thornton Tasker, founder and CEO at NWC said: “The investments we’ve made into our people, assets and operations have given us with the bandwidth to take on significantly more work for our customers.
“This has had a positive impact on sales since the BGF investment, and would not have been achieved without the work and dedication of NWC employees.
“Reflekt is a great fit for us. It’s a high-quality, service-orientated business with blue-chip clients. We have already started the process of integration and are delighted to bring on board the Reflekt team.”
Neil Inskip, BGF, added: “NWC was in a strong position when we first invested in the business. Our funding has helped Thornton and his team to accelerate the company’s growth and add scale to its infrastructure.
“This follow-on funding demonstrates our ability to act quickly to unlock new growth opportunities for the companies we back. We are delighted to continue our support Thornton and the NWC team.”