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Local Services raises capital in advance of a potential early flotation

(28/11/2006)

Local Services, the building services franchise operator, has announced significant recent national customer contract wins, together with the raising of additional capital to support its growth. Local Services operates the national franchise brands of PlumbLocal, ElecLocal and DecorateLocal and plans to launch further in-demand trade services in the near future. The company’s strategy is to become the leading network of providers to the insurance and domestic building services markets. Nash Fitzwilliams, the corporate finance boutique that specialises in the European building products and services industry, has led a substantial investment round, in partnership with existing shareholders, which is intended to fund Local Services’ next stage of growth. Local Services, which has r... [read full article]

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