23/09/2009

Follow-on investment supports Inscapes UK expansion

South Wales based Inscapes is expanding its sports ground contracting, landscaping and environmental business, with the assistance of follow-on funding from Finance Wales.


Inscapes, based in Bridgend, was established in 2005 following a management buy-out led by Chief Executive Gareth Rees. Since then the business has grown organically, making a number of key acquisitions which has assisted it to become one of the UK’s specialist suppliers for sports, landscaping and environmental projects.

Finance Wales, a provider of commercial funding to businesses in Wales, supported the original MBO with an investment of £50,000. Recently, it provided follow-on debt funding of £60,000 to support a major contract to translocate sections along the 316km long LPG pipeline between Milford Haven and Tirley in Gloucester.

Mr Rees said: “The environmental arm of the business is strategically important to us and growth is significant in this area. The LPG pipeline is a good example. We translocated turf from environmentally sensitive areas and relayed it back in the same areas after installation of the pipeline. This ensured the environment was replaced in designated areas in the Brecon Beacons National Park. We are currently assisting international pipeline contractors to return the site to its previous environmental condition. “The commercial funding and support from Finance Wales has enabled us to maintain our continued growth and was an obvious next step following our successful MBO in 2005. We have also received valuable support from Dave Perez at Finance Wales who has taken an active interest in the progress of the business.”

Inscapes has a number of high profile clients, including the Millennium Stadium, Cardiff; Wentworth and Celtic Manor golf courses and Llanelli Scarlets Rugby Club. The project at the Llanelli Scarlets included the complete pitch construction incorporating drainage, irrigation and under pitch heating. The company has received a number of very positive testimonials from both players and managers.

A recent project completed for Cardiff City Stadiums Limited included removal of the Ninian Park playing surface to a new training facility. The company is actively pursuing opportunities for work at the 2012 Olympic Games and is currently expanding its operating area to a wider UK market, placing greater emphasis on the environmental arm in its growth strategy.

David Perez, Investment Executive at Finance Wales, said Inscapes demonstrated the importance of investment to secure long-term growth. “With our existing relationship with Inscapes, the company realised that in order to grow it required additional investment and turned to us to identify a suitable package. We are pleased to be continuing our relationship the company at an exciting time for them.”