Winterhill powers up with Chase swoop
LANCASHIRE asset valuation and insolvency support group Winterhill Largo, has acquired field services company Chase Solutions in a move which will boost turnover by around £1m.
Chorley-based Chase Solutions has 20 staff and operates a nationwide field force of more than 600 field-based agents. It provides a range of services, including data gathering and home visits, principally for the utilities sector.
Following the acquisition, for an undisclosed sum, the firm will be renamed Winterhill Chase Solutions.
Neil Duckworth, chief executive of Blackburn-based Winterhill Largo, said: “The acquisition of Chase Solutions marks a stride forward in our ambition to become the leading provider of asset valuation, disposal and recovery services in the UK.
“The business fits well within the Winterhill Largo group and strengthens our offer, operating as it does in the utilities sector, but we also have mutual relationships with a number of clients.”
In addition to increasing Winterhill’s workforce to more than 90 employees, the acquisition will boost the group’s turnover to more than £4m.
John Wolfenden, managing director of Chase Solutions, said: “We are excited at the prospect of joining the Winterhill Largo group and the whole team are looking forward to the new opportunities the deal promises to bring to the business.
“Winterhill Largo has a great reputation in the asset recovery and insolvency support sector and as an organisation they are the ideal size to work well with us. Neil Duckworth and his team will help us maximise the potential of the business, expand into new markets and invest in innovative new technology. The deal marks an exciting new chapter for Chase Solutions.”
Winterhill Largo now operates from seven UK offices in Manchester, London, Liverpool, Blackburn, Wakefield, Horsham and Chorley, in addition to five overseas offices. It now employs more than 90 staff.
