BGF invests £1.5m in NWC for Reflekt Cleaning acquisition

The acquisition strengthens NWC's presence in the Midlands and complements the company's existing capabilities in high-level cleaning, dusting, duct cleaning, canopy and roof cleaning.

NWC reports revenue growth of 100% since BGF's original investment in 2014, from £7.5m in 2013 to £14m in 2016. The total number of employees is now 320, up from 140 in 2014.

NWC plans future acquisitions in the areas of abseil, pressure washing and high-level maintenance.

Previous funding
In October 2014, BGF invested £3m in NWC to allow the company to invest in new equipment and expand its abseil and other specialist cleaning teams.

Earlier this year, NWC bolstered its operations and customer-base in Scotland and London with the acquisition of the trade and assets of Superior Window Cleaning.

Company
Reflekt provides high-level cleaning to customers across the Midlands, including the BBC, RAF, Cadbury, Merck Sharpe & Dohme and Exxon Mobil. The company employs 17 people.

People
BGF – Neil Inskip, Rhys Davenport (investors).

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• Topics
• Expansion
• UK / Ireland
• Industrials
• United Kingdom
• BGF (Business Growth Fund)
• Build-up