Did you know that there is a version of The Construction Index for the USA? Visit the site No thanks
Follow us on Twitter Follow us on LinkedIn Follow us on Instagram
Daily construction news
Weekly plant news

Construction News

Fri November 24 2017

Related Information
Related Information
Related Information

News » UK » Hickton buys building control firm » published 19 May 2017

Hickton buys building control firm

Hickton Holdings, now under private equity ownership, has acquired BRCS (Building Control) Ltd.

Hickton, a Barnsley-based clerk of works business, was bought from founder Tony Hickton in 2016 by CEPS (Chelverton Equity Partners), with managing director Tony Mobbs taking a 20% stake.

Hickton Holdings has now taken over Chelmsford-based BRCS for up to £1.3m. It has paid £608,375 up front, with the balance payable over the next two years, depending on financial performance. 

The vendors of BRCS – Simon Polley, Frank Robinson and Sue Polley – are staying in their existing roles within BRCS, and will be joined as directors by Tony Mobbs.

BRCS was established in 1996 and was one of the first three private sector building control bodies authorised by the Department of the Environment for non-residential projects. In the year to 30th April 2016, it had sales of £732,101 and profit before tax was £257,071. At 30th April 2016 net assets were £456,328, including cash of £286,193.

CEPS said that the acquisition of BRCS fitted with Hickton's strategy of broadening its service offering into complementary areas.

 

MPU

Download our free construction news iPhone / iPad app. Sign up to our FREE email newsletters or subscribe to our RSS feed for regular updates on the latest Construction News, Plant News, Contract News & Supplier News. The Construction Index also provides the latest Construction Tenders, Construction Market Data & Construction Law Commentary all FREE.

This article was published on 19 May 2017 (last updated on 19 May 2017).

More News Channels