Double acquisition for £26m-turnover software business
CASTLEFORD software business Stroma Group has snapped up acquisition of two technology businesses, becoming one of the largest approved inspectors in the UK in building control.
Stroma (formerly named AGHOCO 1208) has bought Approved Design Consultancy and BBC Building Control.
This follows quickly on from the acquisition of Greendoor Building Control Specialist Services.
The £11.9m-turnover business made a pre-tax loss of £247,323 in the period 23 May 2014 and 31 March 2015.
For this year, the company has reported that turnover reached £26.0m, though accounts have not been filed at Companies House yet. It employs 350 staff across its operations.
The acquisitions are the latest to be completed following the management buyout of the Stroma Group in 2014, supported by LDC.
Matthew Ferguson, co-founder of Stroma and CEO of the Stroma Group, said: “I am delighted to announce these new additions to the Stroma Group and I welcome the experience that the staff of BBS and Approved Design are bringing into the Group.
“As the three businesses become one of the largest groups of independent Approved Inspectors in the country, our customers can call on an expansive service catalogue and an exciting, dynamic new division in the Building Control sector.
” Alongside Greendoor, the acquisitions of BBS and Approved Design will place Stroma at the forefront of Building Control service provision for many years to come.”
