Navigate Commercial Finance is proud to have advised Sealability, a leading specialist in concrete repairs and mastic pointing, on securing £200,000 in expansion funding following their successful management buyout (MBO) in December.
Founded in Nuneaton in 1988 by Stephen Pattison, Sealability operates from sites in Nuneaton and Aberdare, employing over 20 permanent staff and up to 40 subcontractors. The company serves local authorities, major contractors, and housebuilders, with turnover rising more than 50% in the past two years. The Aberdare depot now surpasses the original Nuneaton base in size.
Karl Davies, who joined as a tradesman 24 years ago and led the MBO, is now managing director. He plans to replicate Aberdare’s success at Nuneaton by introducing new services, expanding the team, and targeting a further 10% turnover growth this year.
The £200,000 loan comes from the Midlands Engine Investment Fund II, managed by Frontier Development Capital (FDC). Our expert team, led by Adam Cooksley, provided tailored fundraising advice to navigate the process and secure this vital post-MBO support.
This funding highlights Sealability’s resilience and ambition in challenging markets. We look forward to seeing their continued growth across the Midlands.
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