Anesco announces the retirement of its founders

Tim Payne and Adrian Pike

Today Anesco announces the retirement of Adrian Pike, CEO, and Tim Payne, COO, who founded Anesco in 2010.

Since Anesco was spun out of SSE, the organisation has seen impressive annual growth and it secured investment from CBPE in 2014. Anesco has just completed another record year to March 2016 with revenue of £213m, EBITDA of £25m and strong cash generation.

The company has always been focused on succession planning and staff development, and was the youngest company ever to be awarded Investors in People Gold, going straight in at gold on its first assessment.

Adrian Pike commented: “The past 5 years have been amazing for the organisation. It has been a real team effort and we’ve always been extremely focused on people development and succession planning at all levels. The time is now right to hand the reins over.”

Ian Moore, CBPE said “Adrian and Tim have built a great business at Anesco. We have been working with them since we invested to identify and develop a management team to drive the future growth of the business and are excited about Anesco’s future.”

Steve Shine, Executive Chairman, who has worked with Adrian and Tim for the past four years, said: “It has been a very exciting time and the growth of the company has been outstanding. They leave the business in great shape and I look forward to the next phase of Anesco’s growth, in an ever changing but opportunistic market.”

Adrian and Tim will remain on the Board until the end of May. Adrian will remain a significant shareholder and have a part time advisory role to provide consultancy to the Board and investors for the next 12 months.