Rochdale firm backed with £30million investment
Date published: 02 March 2021
WCCTV CEO David Gilbertson on the left, and founder Tim Williams on the right
Wireless CCTV (WCCTV), the Rochdale based supplier of redeployable surveillance solutions, has secured a £30million investment for a minority stake from leading mid-market private equity firm LDC.
The partnership with LDC is expected to accelerate WCCTV’s ambitious domestic and international expansion plans and support the launch of new products and services.
WCCTV produces wireless surveillance products including redeployable CCTV, site security solutions and body worn cameras. Its products are utilised by the infrastructure, utilities, retail, transport and construction sectors, as well as local authorities and housing associations across the UK and the US.
In February this year WCCTV received ISO 27001 accreditation, the gold standard in security management across the industry, for all of its products, services, offices and operations in the UK.
Founded in 2001, WCCTV has three offices across the UK, with locations in Edinburgh and Luton alongside its Rochdale headquarters, with a fourth base in Texas, United States. The firm has a strong track record and has grown revenues by more than 50% in the last three years to £14.1million in the financial year end 31 July 2020.
LDC is backing the existing management team, led by chairman and founder Tim Williams and CEO David Gilbertson. Under Tim and David’s leadership, WCCTV has successfully established a footprint in the US, opening its office in Texas in 2015, and invested significantly in new product development that has helped the business achieve its market leading position.
The deal will see Ian Burnett join WCCTV’s board as a non-executive director. Ian brings over 30 years’ experience in supporting the growth strategies of multi-site businesses. He has held board positions at private equity backed businesses including compliance specialist Stroma and specialist manufacturer Sigmat.
The investment was led by LDC’s head of the North West, Dale Alderson, alongside investment director Richard Ibbett and Grant Goodwin. Dale and Richard will also join the board as Non-Executive Directors as part of the deal.
Tim Williams, founder and chairman at WCCTV, said: “Over the past 20 years we have built our reputation as the go-to for rapidly deployed and redeployable, surveillance solutions. I would like to thank our dedicated workforce and accomplished management team who we believe will deliver the next stage of our exciting growth strategy. With LDC’s backing we have an opportunity to scale at pace, further enhance our product range and extend our footprint both in the UK and overseas.”
Dale Alderson, Head of the North West at LDC, said: “The team at WCCTV has successfully built a business in a high-growth market, with a truly customer-centric product range that has supported its growth in the UK and America. With our support, the business has the perfect platform to grow even further by adding new innovations and specialisms to their range. We’re excited to partner with them at this key stage in their journey.”
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