Thu, 12 Jun 2014 | BUSINESS SALE
Roofing entrepreneur Mr David Tilley has come out of retirement to purchase Mitrepoint Ltd, which trades as Roofclad Systems.
Mr Tilley sold his former roofing company D W Tilley in 2008 to outsourcing firm Mitie, in a deal exceeding £7.5 million. He retired over a year ago following his restrictive covenants at Mitie Tilley expiring.
His latest venture – the purchase of Mitrepoint, which he funded himself - will see the creation of up to 12 new jobs at the County Durham-based business.
Established in 1978, Roofclad Systems is to carry on trading under its existing name. It has a 44-strong workforce and yearly sales of £3.3 million. All of the jobs are to be retained in the acquisition.
“I heard about the opportunity through industry contacts and could not turn down the chance to acquire the oldest established roofing and cladding contractor in the North East,” Tilley explained.
“While Roofclad is trading strongly with some good contracts, I will be reviewing every aspect of its operations in the short to medium-term.”
First off he said he will secure the business, then restructure, before expanding. “I’ve been looking for the right opportunity to get involved in business again for just over a year and I’m more than ready to take on a new challenge.”
____________________________________________________________________
Related information:
Roofing Contractor for sale in the Midlands
Other building and construction businesses for sale
This is an exciting opportunity to acquire a well-established window and door installation business in Cumbria with a solid local reputation and a knowledgeable, friendly team.
This opportunity centres around an established UK-based company with a diverse portfolio of heritage brands, catering to both specialist institutional customers and broader consumer markets.
This is a unique opportunity to invest in a well-established UK business poised for expansion into the $20bn US portrait photography market with its high margin, digital data subscription model.
Looking for more businesses? Try our off-market tool.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.