The landscape of equity investments in Welsh business is evolving with significant deals making headlines.
This article examines key recent developments, illustrating how strategic investments are fuelling growth across sectors.
Mallows Beauty Expansion
Llantrisant-based Mallows Beauty is rapidly expanding its market presence across the UK with its products now available in 550 Superdrug stores. The company is also eyeing a move into the US market, supported by a six-figure investment from the Development Bank of Wales, increasing their total funding support to over £1 million. This growth signifies the company’s upward trajectory in the beauty sector.
The company, founded in 2020 by Laura Mallows, focuses on self-love and body positivity through its ethical product line, which includes body scrubs and skincare items. Mallows Beauty generates over £5m in revenue annually, demonstrating a robust compound annual growth rate (CAGR) of 100%.
Foresight’s Role in SME Growth
Global investment manager, Foresight, is strengthening its operations in Wales to support the growth of small and medium enterprises (SMEs). It manages the £50m equity portion of the British Business Bank’s Investment Fund for Wales, focusing on investments up to £5m per deal.
Recently, Foresight made a significant co-investment of £1.3m in EverTrek, an adventure travel business based in Caerphilly, indicating a strong demand for funding at the grassroots level. Their expansion includes new offices in Cardiff to facilitate deal flow across the region.
James Technical Services Embraces Employee Ownership
James Technical Services (JTS), known for manufacturing environmental test chambers, recently adopted an employee ownership model. This decision, made by founders Glen and Sue James, secures the company’s future while retaining its local operations.
The switch to employee ownership came after considering several options, as the founders looked to retire. The model allows JTS to maintain its business and jobs in Mid Wales, with plans to double turnover in three years under new leadership.
The Employee Ownership Trust (EOT) has facilitated this transition, appointing David Hunter as the new managing director. His leadership is poised to drive the next phase of JTS’s growth.
The transformation of JTS into an employee-owned company preserves its operational integrity and aims for substantial growth.
Leadership Transition at Development Bank of Wales
Sally Bridgeland has been named the new chair of the Development Bank of Wales, replacing Gareth Bullock this September. Her vast experience in finance and governance is expected to enhance the bank’s role in promoting sustainable economic growth in Wales.
Under her leadership, the bank pledges to continue fostering innovation and prosperity, aligning with its vision of driving positive change and supporting a sustainable economy within Wales.
GS Verde Group’s Strategic Expansion
GS Verde Group, a corporate advisory firm, has extended its reach into Gloucestershire by opening a new office in Cheltenham. Joel Dunning, director of the tax and accountancy division, will lead the operations there.
This expansion reflects GS Verde’s ambition to enhance its service delivery through strategic geographical positioning, building on its growing clientele in sectors such as cyber-tech and manufacturing.
The Cheltenham office is part of GS Verde’s broader strategy to establish a presence in key regions across the UK and Ireland, aimed at strengthening client relationships and business development.
Conclusion
These strategic moves highlight the dynamic growth and investment landscape in Wales, showcasing a commitment to innovation and sustainable development.
The recent equity investments in Welsh businesses reflect a vibrant economic environment driven by strategic initiatives and strong leadership.
As companies like Mallows Beauty and GS Verde Group expand and innovate, Wales cements its position as a thriving hub for enterprise and growth.
