Winterhill Largo buys in Yorkshire

BLACKBURN asset valuation firm Winterhill Largo has bought environmental and decommissioning consultancy Site Ops, which works with administrators when they are selling property assets of distressed businesses.

Wakefield-based Site Ops manages risks associated with the closure of manufacturing plants and industrial facilities that use chemicals.

Founder and chief executive Des Kelly will remain with the business which aims to expand and grow its team of engineers and consultants as part of the Winterhill Largo group.

Winterhill Largo chief executive Neil Duckworth said: “Site Ops is a highly respected specialist in the safe decommissioning of industrial plants. The company’s services are often required when administrators are selling property assets of distressed businesses, and so the acquisition makes perfect sense as an extension of our portfolio of asset services.

“We are now able to offer a comprehensive service to our insolvency clients that takes sites from initial closure to fully documented decommissioning and environmental approvals.  This is crucial to maximising the value of property assets, and will add another dimension to the service we can deliver to clients and property firms.”

The value of the deal was not disclosed. Winterhill Largo now operates from 12 offices in the UK and overseas and employs 95 staff.