Wirral facilities management firm Kimpton issues a bullish update on its future prospects despite seeing annual revenues fall 17% to £20.2m amid higher costs due to the Building Safety Act. Tony McDonough reports
Facilities management firm Kimpton is the second Merseyside business in the space of a few weeks to report its revenues being impacted by the Building Safety Act 2022.
In early May LBN revealed that Liverpool-based Downing Construction had seen its pre-tax losses widen to £8.7m as it set aside a further £17.3m to deal with issues relating to the Building Safety Act.
Now Bromborough-based Kimpton, which specialises in mechanical and engineering services, heating, ventilation, and air conditioning, commercial fit-out and service and facilities management, also said the Act had added to its costs.
In accounts posted to Companies House, the firm has revealed its financial results for the 12 months to September 30, 2025. They show revenue down 17% to £20.2m and pre-tax profits coming in at £725,116 – lower than the 1m reported in the previous year.
Writing in the annual report, director and major shareholder Tim Davis said: “The lower revenue compared to the prior years reflects both the exceptional performance of the prior year and the delaying effect of the changes brought in under the Building Safety Act 2022, requiring HRBs (high-rise buildings) to observe a pre-start gateway process.”
Kimpton was founded by Eric Kimpton 61 years ago. In 2001 his son Richard Kimpton took over the business, also in a management buyout (MBO) and oversaw significant growth.
In November 2024 the Kimptons sold a controlling stake in the business to Tim Davis, who was formerly the firm’s general manager, and Linzi Kelly. The value of the deal was undisclosed.
Kimpton has facilities management contracts with multiple sites in Liverpool totalling more than 1m sq ft. These include St Nicholas’ Church, the M&S Bank Arena, Exhibition Centre Liverpool and The Capital Building.
In recent months of this year it has secured a number of new contracts including at Sci-Tech Daresbury and education contracts in Liverpool and Cheshire. In April LBN reported the firm was set to start work on a £6.1m contract on a student accommodation scheme.
Tim Davis also said in the accounts: “The business maintained a healthy turnover and stable working capital throughout the year. This was underpinned by the team preserving net margins and managing cash flow prudently.
A milestone early in the financial period was the successful completion of a long planned internal management buyout. One-off costs associated with this purchase were met through a combination of company cash reserves and flexible financing support from the vendor.”
During the year Kimpton saw 37 new people come into the business. Among these new recruits were a number of senior engineers, management and operations leads together with supervisory staff previously employed by M&E engineering firm HE Simm.
Describing the year as a “period of exceptional expansion and digital transformation”, Tim also said: “Kimpton is already seeing positive outcomes from the capital and effort invested with a number of major installation contracts being secured across the UK.”