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Deal Information

In April 2009 LDC has invested £6.5million in Nuclear Engineering Services Limited (“NESL”).

The investment by LDC sees two leading Midland’s based organisations joining together to drive an ambitious strategy for growth. The business currently benefits from long-term nuclear decommissioning projects, ongoing support to the UK’s operational nuclear power station portfolio and is well positioned to benefit from the renaissance in the nuclear industry on the back of recently announced government plans to build new nuclear power stations.

The business has been a key OEM supplier to the nuclear industry since the 1950s, supplying bespoke design, testing, manufacture, assembly, and installation services in relation to electro-mechanical equipment and components operated in environments where radiation shielding is necessary.

NESL currently employs over 200 staff with the core operations based at Wolverhampton with further engineering support at Risley and Cumbria. Having achieved £18million of sales in 2008, NESL is forecast to report sales of £25million in 2009.

The business was founded in 2003 by existing Chief Executive Brett Cooper following the acquisitions of the Rolls Royce Nuclear Engineering Services business and the Special Purpose Equipment Division of the NNC (formerly the National Nuclear Corporation).