Wheldons plans strong expansion following acquisition

Wheldon Contracts & Services has enjoyed an illustrious 46-year history in Newport Pagnell and provides specialist heating services to more than 40,000 properties across the south, the midlands and London. Wheldons has mainly served the social and commercial housing markets in recent years but the acquisition by new owners Eighty Seven Holdings facilitates expansion by providing heating services to local residents in Milton Keynes too.

We went to meet new Managing Director Gregg Cole and the staff at the High Street HQ to hear about the exciting plans…

Winter is coming. But don’t worry as Wheldons in Newport Pagnell has got your back. The long-established business has historically provided heating, ventilation and air conditioning (HVAC) installation, annual servicing and maintenance services to clients and contractors in the social housing sector.

But after a recent acquisition by Eighty Seven Holdings, Wheldon Contracts & Services is going back to its independent roots by putting local residents at the heart of its ambitious plans for the future.

The business, which is headquartered in Newport Pagnell High Street, has expanded to offer first-class heating services to Milton Keynes residents just in time for autumn and winter.

New Managing Director Gregg Cole revealed the move is a key part of his future growth plans. He said: “I’m proud to join and lead the Wheldons team as we embark on a critical next stage of development. “In addition to delighting our existing clients, there are many untapped areas of potential growth that the management team and I are keen to take action on.

“One of the main areas I feel Wheldons can grow is by carrying out private residential work local to Newport Pagnell and Milton Keynes.

“Historically we are predominantly a social housing heating supplier – which is an area we want to build significantly too from the current 40,000 properties we look after – but we need to serve the local residential sector too. A lot of our work leading up to Christmas will be carrying out boiler services for people.

“We’re a local company that provides comfort in the home – whether it be through heating, air conditioning or cooling – and we must start by doing that in our local area.

“We have a passion for looking after the customer. We must be the trusted partner and friend you can call when things are going wrong.”

Eighty Seven Holdings’ acquisition of Wheldons from Kier Group will not affect any of the current workforce, who have all kept their jobs, including highly-rated Operations Director Joe McCutcheon.

Gregg revealed the fresh investment in the business will be good news for current employees, local job seekers and Newport Pagnell as a whole. He said: “We’ve put a business plan in place that calls for 20% growth in year 1 followed by 40% in year 2 as we move forward as an ambitious, innovative and agile business.

“We’ll be keeping all the current staff, who all have massive potential and are one of the main reasons why we invested in the business.

“We’ve already invested in 55 new vans for our engineers and we will require an input of extra staff as we look to grow from the local area and support the local community too.

“To cover our ambitious business plans we’ll need extra people in planning, scheduling and engineering, and Newport Pagnell will benefit off the back of our growth.

“This is a business that I want Newport to be proud of. There are two or three generations of people from Newport working in the business, who take pride in that fact. I want Newport Pagnell to be equally proud of its son.”

Gregg signed off by stating his determination to make a success of the business.

He said: “I’ve worked in the heating industry for 20 years and Wheldons was always a name synonymous with quality, good workmanship and a family feel.

“It has probably lost a bit of that in the last 2 or 3 years but it’s our desire to build on that rich heritage in the future.

“I join the team from senior leadership roles in successful large organisations. It is my dream to make a big success of Wheldons, for its people and for the town.”

Who are 87 Holdings?

Eighty Seven Holdings Ltd was formed by Jim Moore and John Crehan, the controlling shareholders of market leading building services provider Optimum Group Services PLC.

The enterprise generates a turnover of £100m and employs in excess of 600 people in operations in the UK, Germany and the Middle East.

In addition to Wheldons, Eighty Seven Holdings Ltd owns Evodo Services Ltd, providers of high quality Mechanical and Electrical installation services, and Omni Telemetry Ltd, which provides cutting edge solutions for building monitoring and energy optimisation.

Call Wheldons on 0800 2946262 if you require heating services or visit http://www.wheldons.co.uk for more information

This feature was published in the October 2018 issue of Celebrate:MK lifestyle magazine. Read the full magazine above or by clicking on this link.

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