BGF backs TaperedPlus with £5.5 million investment

The Tees Valley-based business, a leading flat roof design and insulation specialist, has secured fresh funding to support its growth.

26 June 2024

TaperedPlus has secured a £5.5 million investment from BGF, to support the company’s ambitious growth plans and to provide an exit for its original investor, Comhar Capital.

Founded in 2014, by Aman Chahal and Robert Vass, TaperedPlus has established itself as a UK leader in the provision of tech-enabled architectural design services for complex flat and tapered roof projects. Its team, and market-leading technology, help customers and property owners to improve the performance, safety and sustainability of their buildings.

Headquartered in Stockton-on-Tees, the business serves a range of end markets, across domestic, commercial and industrial projects, and has developed deep relationships with its supply chain partners.

BGF’s investment provides an exit for Comhar Capital, which first backed TaperedPlus in 2020. Since then, TaperedPlus has gone from strength to strength — increasing employee numbers by 70%, tripling revenues, and securing B-Corp accreditation in 2023, in recognition of its innovative and sustainable approach within the roofing sector.

With BGF’s support, the company is looking to make a further step change in its growth trajectory, with plans to broaden its technology-led offering, and deepen relationships with its growing customer base and insulation supply partners.

“Following a great relationship with Comhar Capital, we were looking for an investment partner to help us expand further, while allowing us to stay in control of the business. It was also important for us to find an investor with a culture and values aligned with our own. As a fellow-B Corp, and with their differentiated, relationship-led approach, BGF stood out as the investment partner of choice for us and we are looking forward to working together.”
Aman Chahal
Co-Founder & CEO of TaperedPlus

As part of the investment from BGF, the board will be strengthened by the appointment of Martin Holt as a non-executive chair — following an introduction from BGF’s Talent Network, one of the largest groups of board-level non-executives in the UK and Ireland. Holt brings a breadth of experience from the wider building compliance and technical services sector, including senior roles at Dalkia, Mitie and Stroma, as well as expertise in developing proprietary tech-enabled services.

The deal was led by Rob Johnson and Linda Nguyenova – investors in BGF’s Yorkshire and North East team. Rob Johnson will also join the company’s board, as non-executive director.

“We’re excited to be backing Aman and Rob, who have established TaperedPlus as one of the leaders in its field, with a commitment to innovation and sustainability at the heart of everything they do. BGF has a strong track record of working with founders and business owners, and we are looking forward to supporting the team here, seeing strong alignment between BGF’s minority, patient capital model and Rob and Aman’s ambition for the business.”
Rob Johnson
Investor at BGF

Comhar Capital’s Managing Director, Craig Wilkinson, commented: “It has been a pleasure working with Aman and Rob, and we’re delighted that they’ve found an investment partner who will work alongside them to take the business on to that next level. The team have created a strong platform from which to expand, and we wish them all the very best for the future.”

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