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London VC LDC backs surveillance specialist WCCTV with £30M minority stake

WCCTV

Rochdale, Greater Manchester-based WCCTV is a leading Equipment-as-s-Service provider of redeployable wireless surveillance products. The company has three offices across the UK, with locations in Edinburgh and Luton alongside its Rochdale headquarters, with a fourth base in Texas, United States.

International expansion plans

Now, WCCTV announced that it secured fresh funding of £30M in an investment round led by LDC. With this funding round, LDC will own a minority stake in the UK-based company. As a result of the partnership, LCD will accelerate WCCTV’s ambitious plans to expand into the domestic and international markets and support the launch of new products and services.

The round was led by LDC’s Head of the North West, Dale Alderson, alongside Investment Director Richard Ibbett and Grant Goodwin. Notably, Dale and Richard will also join the board as Non-Executive Directors as part of the deal.

The investment in WCCTV, follows the recent investments of LDC in digital learning provider Omniplex and the Cheshire-headquartered manufacturer of accessories for light commercial vehicles, Rhino Products.

The deal will see Ian Burnett join WCCTV’s board as a Non-Executive Director. Ian brings over 30 years’ experience in supporting the growth strategies of multi-site businesses. He has held board positions at private equity backed businesses including compliance specialist Stroma and specialist manufacturer Sigmat.

Tim Williams, Founder and Chairman at WCCTV, said: “Over the past 20 years we have built our reputation as the go-to for rapidly deployed and redeployable, surveillance solutions. I would like to thank our dedicated workforce and accomplished management team who we believe will deliver the next stage of our exciting growth strategy. With LDC’s backing we have an opportunity to scale at pace, further enhance our product range and extend our footprint both in the UK and overseas.”

Dale Alderson, Head of the North West at LDC, said: “The team at WCCTV has successfully built a business in a high-growth market, with a truly customer-centric product range that has supported its growth in the UK and America. With our support, the business has the perfect platform to grow even further by adding new innovations and specialisms to their range. We’re excited to partner with them at this key stage in their journey.”

Appoints new board of director

As a part of the deal, LDC’s Ian Burnett joined WCCTV’s board as a Non-Executive Director. With over three decades in supporting the growth strategies of multi-site businesses. He has experience as board positions at private equity-backed businesses, including compliance specialist Stroma and specialist manufacturer Sigmat.

ISO 27001 accreditation

In February, WCCTV behind products such as wireless surveillance products including redeployable CCTV, site security solutions and body-worn cameras, received ISO 27001 accreditation, the gold standard in security management across the industry, for all of its products, services, offices and operations in the UK.

Founded in 2001 by Tim Williams, WCCTV has a strong track record and has grown revenues by over 50% in the last three years, reaching £14.1 million in the financial year that ended on 31 July 2020.