Latest WPI Group News
Aug 18, 2021
Expansion and profits growth targeted by Simon Orange's acquisitions company Corpacq's portfolio includes the likes of Cotton Traders, AM Recruitment and WPI Group Invalid EmailSomething went wrong, please try again later. Subscribe We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Thank you for subscribingWe have more newsletters Show me See our privacy notice The acquisitions and investments company established by Sale Sharks co-owner Simon Orange has set its sights on expanding further and returning to profitable growth after a Covid-hit year. Corpacq, which is headquartered in Altrincham, was founded in 2006 and its current portfolio includes the likes of Cotton Traders, AM Recruitment, WPI Group, Northern Packaging, Metcalfe Plant Hire and MB Heating. Newly-filed documents with Companies House for its financial year to December 31, 2020, show the group's pre-tax profits fell from £13m to £3.9m during the year while its turnover remained static at £478.3m. As well as Corpacq, Mr Orange is a founder investor and director of food company BOL and a founding member of Cicero Consulting Group, which is based in New York. The results for Corpacq come after Cotton Traders published its latest accounts which revealed the company's turnover went from £89.4m to £87.1m in the 12 months to the end of December 2020 while its pre-tax profits dipped slightly from £4.6m to £4m. A statement signed off by the board said: "The directors are pleased with this performance in the current challenging economic environment and are confident of returning to continued profitable growth during 2021. Sign up for your free North West newsletter - and follow us on LinkedIn! Email newsletters BusinessLive is your home for business news from around the North West- and you can stay in touch with all the latest news from Greater Manchester, Liverpool City Region, Cheshire, Lancashire and Cumbria through our email alerts . You can sign up to receive daily morning news bulletins from every region we cover and to weekly email bulletins covering key economic sectors from manufacturing to technology and enterprise. And we'll send out breaking news alerts for any stories we think you can't miss. Visit our email preference centre to sign up to all the latest news from BusinessLive. LinkedIn "The directors are satisfied with the performance and remain comfortable with the level of debt and are confident that the group is in a strong position to finance further acquisitions, which may include the raising of further debt facilities. "The directors will continue to address those risks and opportunities presented to the business, especially ones related to Brexit and the Covid-19 pandemic. Latest Greater Manchester Business News "Once normal market conditions begin to return, there is a desire to further strengthen within the current sectors to enhance the growth of plant hire and sales, manufacturing, construction contracts and other activities. "There is also a desire the further broaden the portfolio to create opportunities and continue to mitigate risk through diversification. Have you followed our BusinessLive North West LinkedIn page yet? Click here for the latest updates, stories and analysis from across the region. "The directors will continue to develop strategies to grow...and develop the management teams, enhancing the skills of the board of directors and will strengthen areas where deemed appropriate. "The directors expect the general level of activity to result in a satisfactory trading result in the forthcoming year." Corpacq's parent company is Orange UK Holdings, which is yet to publish its latest financial accounts. Read More
WPI Group Frequently Asked Questions (FAQ)
When was WPI Group founded?
WPI Group was founded in 1979.
Where is WPI Group's headquarters?
WPI Group's headquarters is located at WPI House, Cheshire.
What is WPI Group's latest funding round?
WPI Group's latest funding round is Management Buyout.
Who are the investors of WPI Group?
Investors of WPI Group include Three Hills Capital Partners and CorpAcq.