Chigwell buys scaffolding specialist

Grant Prior 8 years ago
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Chigwell Construction has bought a scaffolding specialist after becoming frustrated at being let down by subcontractors.

The firm’s latest acquisition will see Craft Scaffolding rebranded as Chigwell Craft Scaffolding Ltd.

Chigwell set up a roofing division last year which now has in excess of twenty directly employed roofers.

Managing director Dean Floyd said: “We were being let down when using subcontractors for scaffolding mainly because the industry is so busy.

“It seemed the obvious solution to bring scaffolding in-house via this acquisition.”

Craft Scaffolding has been a member of the Chigwell supply chain for many years and director Andrew Hollands retains a 50% shareholding.

Craft has an annual turnover of £2.9m which is forecast to rise to £5m within the next 12 months.

The deal takes Chigwell Group’s annual turnover to just under £50m.

 

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