A Wearside firm has acquired a regional competitor to become the largest independent contract cleaning business in the North East.
Formed in 2010, Maxim Facilities Management Ltd provides services ranging from large scale contract cleaning of factories and offices through to landscape gardening, painting and decorating and deep clean services for laboratories, hospitals and technical areas.
The business, which counts Toys R US, Gentoo, Quorn Foods and private and state schools across the region among their clients, has now acquired the contract cleaning division of South Shields-based New Life Cleaning Systems (North) Ltd, a move which makes the enlarged business one of the city’s largest employers with over 500 staff working within the organisation.
Managing director Graham Conway said the acquisition increased the company’s turnover by 50% to near £5m, with further plans to grow the business to a turnover of £15m within the next three to four years through further acquisition.
He said: “Our intention has always been to grow a national contract cleaning business offering wider facilities management services.
“We plan to do this from both organic growth and acquisition, and the purchase of New Life is our first step in moving towards this goal.
“The company has further acquisitions planned across Scotland and the rest of the UK in the coming months.
“Our heart is very much0 in the North East and our roots are firmly established here, yet we have a very clear objective to become a national company and one of the largest independent contract cleaning and facilities management companies in the UK.
“The cleaning market is a massive, multi-billion pound business and is predominantly dominated by extremes of either PLCs or small local, family owned business.
“There are very few, mid-sized competitors operating in the £15m to £35m turnover bracket in the North, and it is very much our intention to work in this space and expand from the north east into the rest of the UK.