Management buyout of Liverpool chartered surveyor Actua, reported in LBN last week, was backed with a six-figure loan secured via River Capital. Tony McDonough reports
River Capital provided a six-figure loan to enable the co-founder of Liverpool chartered surveyor Actua to buyout his long-time friend and business partner.
Last week LBN reported that Dave Sharp had agreed a deal with Simon Fullard to take full control of the firm they had both founded in Liverpool 14 year ago. Dave revealed a growth plan for the commercial district business which includes new jobs.
The value of the deal was not revealed. Accounts filed on Companies House show Actua had net assets totalling £95,825 on April 30, 2024. This six-figure loan from River Capital came from its North West Business Growth Loan Fund.
Established in 2011, Actua has built a reputation for delivering specialist building surveying and construction consultancy services for a range of clients across both private and public sectors.
The company, which is regulated by the Royal Institution of Chartered Surveyors, has grown from its two founding directors to a team of six, with plans to create at least two additional jobs in the coming years.
Jim Moore, investment manager at River Capital, said: “We’re delighted to support David Sharp in this management buyout.
“Actua is a well-established, professionally run business with a strong track record. David brings significant experience to lead the company forward, along with ambitious plans for growth.”
Actua works with clients including various NHS Trusts, educational institutions such as the University of Liverpool and University of Manchester, and organisations such as Urenco UK and various local authorities.
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Dave Sharp added: “This investment from River Capital has been instrumental in enabling me to take full ownership of the business and implement our growth strategy.
“We have identified several exciting opportunities in our sector, including Building Safety Act implementation, decarbonisation strategy works, and retrofit assessments to achieve net zero goals. We’re well positioned to capitalise on these opportunities.”
The MBO was facilitated by Langtons, with legal support from both Primas Law and Glenville Walker.