NuGen Properties

Brickability pays £6.5m for roofing contractor

Brickability pays £6.5m for roofing contractor


Beacon is the second roofing contractor that Brickability has bought in the last nine months.

Beacon Roofing, founded in 1993, is a Surrey based contractor that provides roofing services across the southeast of England, predominantly for national house-builders and developers. For the 12 months to 31st January 2022, it turned over £8.9m and made £1.1m in normalised Ebitda (earnings before interest, taxes, depreciation and amortisation).

Brickability will pay Mr & Mrs Shane Whiffen, the former owners of Beacon, an initial cash payment of £4.5m, with a further £2m payable in cash over the next three years depending on performance.

Brickability paid £5.5m for Leadcraft last year.

Brickability chief executive Alan Simpson said:  “Beacon is another great addition to our profitable Roofing Services division, further expanding our coverage in the southeast. This acquisition follows the acquisition of Leadcraft, the Hampshire based roofing contractor in August 2021, which continues to perform strongly.”

Got a story? Email [email protected]



Source link


Customer Reviews

Nugen Properties

Customer Reviews

Dan Morten 18/01/22

Google
Easy to work with, Jordan and the team were professional and were easy to communicate with.
Would highly recommend.

Di Hayes 20/08/22

Google
NuGen Properties built an extension to the rear of my property, replacing the old conservatory. I am so pleased I chose this company. From the initial quotation, through the build and after they were professional, polite & well mannered. They kept the site tidy throughout the build and kept me informed of each stage as it happened. The work was finished to a good standard and I have had nothing but compliments on their work. I am already planning for them to come back and do some more work for me in a few months. I would 100% recommend them.

Bradley Eyles 20/06/23

Google
Nugen were fantastic throughout the works they carried out on my property, Jordan provided constant updates and ensure any questions I had were always answered. All works were completed in a timely fashion, on budget and exceptional customer service. Highly recommend!

Sonny Carter-heyward 29/02/22

Google
Brilliant service, renovated my house to make a dream a reality. Thanks guys

sitemanager 22/01/23

Google
Great firm to communicate with fast and good quality work.