Specialist cleaning business looks to expand in Birmingham after funding deal

HIGH Access Maintenance has secured a £3.3m minority equity investment from the Business Growth Fund, which it will use to fund expansion into Birmingham and London.

The Manchester headquartered business provides high-level maintenance and cleaning services for property management firms including CBRE, Savills and Allied London. The £5m turnover firm owns its own equipment and employs staff directly – something atypical of others in the sector.

Founder and chief executive Niel Bethell said: “Having built a strong customer base and a fantastic in-house team through our focus on safety, scope of work and responsiveness, now is the right time to accelerate our growth plans. We are well placed to take advantage of the market opportunities, and BGF’s investment allows us to put our strategy into immediate action.”
 
The company has also appointed Stuart Lees as non-executive chairman. Lees is the founder of Signia Corporate Finance, the former managing director at Altium Capital and former chief executive of Latium Group, a manufacturer and retailer of windows.

So far this year BGF has invested in Grace Cole, RMS International and Sofology, and provided further growth capital to investee businesses TD4, the company behind Boost Juice Bars and The Shake Lab, and Barburrito.

BGF’s Neil Inskip, who joins the board of High Access, said: “Over the past five years, we have seen more and more of North West businesses come to the fore with the confidence to pursue their growth strategy. That’s a positive development, and I believe a good prognosis for region’s business community.”