Wed, 11 Dec 2024 | BUSINESS SALE
Construction consultancy Kendall Kingscott which dates back to 1962 and whose clients include Harrods, has been bought by the RSK Group.
Kendall Kingscott, founded by architect and chartered building surveyor John Kendall, operates across the South and South West of England and Wales. With more than 200 people working from six hubs, the business has helped deliver a number of complex projects across the region, working for clients that include NHS Trusts, universities, local authorities and major retail chains and stores such as Harrods, Aldi and Hotel Chocolat.
Its specialism is remodelling and adapting existing buildings to help its clients deliver decarbonisation targets.
In its last set of accounts for the year to May 31, 2023 it recorded a turnover of £14.64 million, up from £13 million the previous year. It also achieved a huge leap in pre-tax profit to £635 million from £43 million the previous year.
Engineering and environmental consultancy RSK, said the deal supported its strategy of enhancing its consultancy capabilities across the built environment, with particular focus on sustainable buildings, while providing Kendall Kingscott with a platform for accelerated growth.
RSK now comprises more than 200 companies, employing over 16,000 people. The group’s annual turnover at the end of FY23 was £1.2 billion.
RSK Group Chief Executive Officer Alan Ryder said: “RSK has built an impressive offering in architecture, project management and building surveying services and the addition of Kendall Kingscott is an important milestone in delivering on this strategy. Kendall Kingscott’s strong presence in the healthcare and higher education sectors made it particularly attractive and will lead to multiple revenue synergies across the group.”
Kendall Kingscott managing director Andrew Bailey, who will continue to lead the business, said: “This exciting move opens significant opportunities for our people and business while staying true to who we are. It means our 60-year legacy is protected but within a platform that will enable us to achieve our ambitious plans more quickly than we could have ever imagined. Crucially, our people, leadership team, name, brand and services all stay the same, as does our commitment to clients."
Find out why consultancies are driving M&A deals
A unique Insurtech solution for airlines and insurance companies to cover flight delay compensation liabilities and manage processing and payment for such claims through an innovative cloud-based software platform by bringing the airlines insurance a...
This is an exciting opportunity to acquire a thriving CIS payroll processing business that specialises in providing tailored solutions to contractors, subcontractors, and construction firms across the UK.
A rare opportunity has arisen to acquire a well-established independent financial advisory business in Yorkshire, ideal for those looking to expand their presence in the financial sector.
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.