PE-backed outsourcing firm doubles growth in a year

PROCUREMENT outsourcing firm Inprova Group has doubled its turnover in a year and set up its first overseas office, thanks to a multi-million pound contract win.

Since gaining investment from LDC in 2014, the business has grown rapidly via acquisition and international expansion.

Over the past two years, turnover has trebled to stand at £14.3m today, while staff numbers have quadrupled to 250 across its Warrington headquarters and offices in  South Wales, Warwickshire and Sussex.

Earlier this year, Inprova set up an operation in North Carolina, in the US, after winning a 10-year contract worth £6.5m.

The company also launched its Inprova Energy division to bring together three leading UK energy consultancies acquired in 2015.

Inprova Group manages more than £1bn worth of spend on behalf of its private and public sector clients, which include Virgin Atlantic, National Grid and Malmaison & Hotel du Vin Group.

The company has been named Venture Capital Company Team of the Year in the British Private Equity & Venture Capital Association (BVCA) North West Management Team Awards and will now go through to the national final in London at the end of the year.

The awards  recognise the achievements of UK businesses that are backed by private equity and venture capital funds – demonstrating their important contribution to the UK economy.

Paul Kennedy, chief executive of Inprova Group, said: “We’re enormously proud of the scale of our achievements and to receive this prestigious award. This is testimony to the talents and hard work of both our management and shareholder team, as well as our wider staff, who have worked flexibly and positively to welcome the changes to the business and support our continued growth.”