– UK, Manchester – Capital for Colleagues PLC (AQSE: CFCP), the investment vehicle focused on opportunities in the Employee Owned Business sector today announced the appointment of Bill Ainscough to its Board as a Non-executive Director with effect from 23 March 2021.
‘We are delighted to welcome Bill to the Board of Capital for Colleagues. The Company is well placed to continue growing its portfolio of employee owned businesses and Bill’s knowledge and experience, as well as his wide range of contacts in the business world, will undoubtedly help us to accelerate this process.’ said CEO, Alistair Currie.
About Bill Ainscough
Bill Ainscough has had a distinguished career in the residential construction sector. Having started his career as an architect, he moved into house building by founding Wainhomes in 1972. Over the following thirty years, Bill grew Wainhomes through several mergers and acquisitions, and, following a merger with Whelmar Housebuilders, he floated the Group on the London Stock Exchange in 1991.
Bill also established Networkspace, a company involved in investment, development, and management of commercial property and Windermere Marina Village.
In 1999 he took Wainhomes back into private hands. A significant part of the business was sold to Wilson Connolly in 2001, with the residual operations being renamed as the Wain Group. The Wain Group has since grown into a substantial business, with divisions in the South West and North West of England. In 2015 Bill set up the Himor Group, a land, and property company that specializes in commercial development, land promotion, property investment, and regeneration.
Besides being the majority shareholder in the Wain Group today, Bill is also an active trustee of three charities: On Side Youth Zones, Rainbow Hub, and The Brick.
Bill Ainscough is interested in 1,538,400 ordinary shares of 40p each in the Company, representing 9.96 percent of the Company’s issued share capital.
Bill Ainscough commented: ‘I have been a shareholder in Capital for Colleagues for several years and, having stepped back from the day-to-day management of the Wain Group as part of a long-term family succession plan, I am delighted to now join the Board of the Company. I believe that employee ownership can be a powerful force for the long-term, sustainable growth of businesses. C4C has an exciting portfolio of investments across a diverse range of sectors and I look forward to utilizing my experience and guidance to support the Executive team develop the portfolio further.‘
About Capital for Colleagues
Capital for Colleagues is an investment company focused on the UK EOB sector. The Company has a proven management team, with a wide network of contacts and affiliates, as well as established access to investment opportunities, enabling the Company to execute its strategy and capitalize on EOB-focused investment opportunities. Also, the Company educates and assists companies that are looking to launch employee ownership schemes, advising them, amongst other things, on how to secure investment and achieve their objectives.
For more information: https://www.capitalforcolleagues.com/
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