In 2017 Transcend Corporate, advised managing director, Alf Hambidge, and a Newco entity, Flynn Group Limited, on a £10m growth capital investment in John O’Flynn Developments Limited (“John O’Flynn”) by Hall Capital and Allied Irish Bank (GB).

John O’Flynn Developments offers infrastructure and groundworks to a growing number of leading UK housebuilders and developers throughout the South West. Incorporated in 1975, the company has an impressive 40+ year track record of year-on-year growth, and has capitalised on the high demand of its clients for the development of UK residential accommodation.  John O’Flynn is headquartered in Swindon, deploying around 300 people and has a current annual turnover of £50 million.

Hall Capital’s majority investment backs the management team, led by managing director Alf Hambidge.  The investment will accelerate growth plans, both organically and through acquisitions.  The business has a loyal customer base in the buoyant UK housebuilding arena and will use the funding for significant expansion in this growing sector.

Transcend director, Ian Curtis, commented, “There are significant opportunities for further growth as recent structural change provides an opportunity for accelerated expansion.”

John O’Flynn managing director, Alf Hambidge, said, “John O’Flynn Developments has grown considerably in recent years, as customers utilise our company’s efficient, reliable and economic services, enabling them and ourselves to increase output.  The investment from Hall Capital provides us with the platform to accelerate growth and expand our coverage.”

Bill Hall of Hall Capital said, “I have worked with Ian Curtis on several previous deals and, having identified John O’Flynn as a key business growth opportunity, I had no hesitation in teaming up again with him and Transcend Corporate to help effect this deal.  It has been quite a complex transaction and Transcend Corporate has supported us all the way.”