INVESTMENT YEAR
2020
SECTOR
Services
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Pureplay Tier 1 repair & maintenance contractor

Network Plus is one of the UK’s Tier 1 pureplay providers of essential repair & maintenance (R&M), installation and connection services to water, power and gas utilities in the UK. Example activities include installing the infrastructure to connect a new housing development to the water network, installation of a new gas meter or replacement of underground electrical cabling across a section of the network. Complexity arises in the requirement to efficiently mobilise a direct and subcontract workforce, managing H&S and compliance risk, interfacing with end consumers and ensure standardisation of delivery across hundreds of individual jobs every day. As such high-quality responsive service, as well as a focus on Health and safety, are central priorities within Network Plus.

The business was founded in 2000 to provide water maintenance services in Manchester, with the current co-CEOs Dan and Stuart joining in 2017 to take the business onto being a Tier 1 supplier. The business has since grown materially through winning new contracts with new clients – as well as retaining and growing existing ones. The business is headquartered in Salford and operates from 27 depots across the UK.

Livingbridge’s minority growth capital investment will enable Network Plus to continue to develop its national presence, delivering even more for its customers, whilst maintaining the strong leadership and culture that has underpinned the company’s success to date.

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Network Plus timeline

2002 Established delivering water maintenance services to Manchester
2017 Dan Holland & Stuart Fraser join the business
2017 Acquisition of Overlec (overhead lines specialist)
2019 Secured financing from Alcentra
2020 Livingbridge Invests