“Rcapital have tremendous experience in spotting value in businesses when the short term numbers may not stack up on a balance sheet. By lifting the lid on the company and utilising their extensive network of specific sector expertise they could see the intrinsic value in Giffen Group. Through close support and strategic guidance Rcapital help set the foundations for turnaround and growth for the future.”
Giffen group specialises in electrical, signaling and power works across the rail infrastructure. Giffen is of the UK’s most successful companies operating in the fields of signalling, electrical engineering and specialist building services.
The business has carried out engineering works on behalf of clients such as London Underground and Network Rail for over 50 years. During that time, the business and its workforce of 150 staff based in St Albans, has built up an enviable reputation for safety and quality of workmanship delivered by highly skilled and technically rigorous teams.
Growth story
Rcapital were introduced to Giffen as the chairman was retiring following 105 years of family involvement. Although the business had a strong brand and reputation, it was not performing to its full financial potential. Rcapital brought in outside sector expertise to join the management team to focus on its core competencies and complete a through operation and financial transformation throughout the organisation. This involved streamlining processes to make the business more efficient and able to focus on what it was known and respected for.
Outcome
Rcapital’s involvement provided a much needed catalyst for change and restored Giffen to financial growth.
