Risk management firm completes successful MBO

Mon, 08 Jul 2019 | MBO/MBI



The senior management team of the risk and solutions department of an environmental, health and safety consultancy has successfully completed a management buyout.

The staff have bought out the risk management division from parent company Alcumus, and will begin afresh as Ligtas. The new company will continue to trade from its current base in Cardiff, Wales, and from its sister site in Huddersfield, West Yorkshire.

The new company will continue to provide consulting, training and risk management services to companies operating in the financial, property, healthcare and retail sectors amongst many others.

Ultimate Finance supported the buyout by providing long-term financial backing, whilst GS Verde Group provided legal aid.

Managing director Shaun Ashmead remarked: "The UK health, safety and environmental risk market continues to grow. By offering solutions and services designed to meet the needs of our customers, we are confident that Ligtas can take advantage of this growth whilst focusing on additional opportunities in the construction and manufacturing sectors.

"Having worked in both manufacturing and professional services including Ligtas’ previous owner, Alcumus for several years, I believe this management team makes us well placed to take advantage of these opportunities to add value to our customers – specifically enabling them to provide safe, healthy environments for all.

"In the short to medium term, Ligtas will look to refocus and grow its existing customer base. However, we have our sights set firmly on becoming the leading partner of choice for businesses who are serious about creating a compliant safe, healthy environment for all to thrive.

"Our current 71 strong and expanding team play a pivotal role in this strategy and we are delighted to be able to provide services from our Wales and Yorkshire sites to customers across the UK."

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