Taking the next step after 60 years of evolution
This week, we have embarked on the next stage of our evolution as a company, creating four new businesses following a strategic re-organisation of the Wigley portfolio.
Under independent leadership, Waterloo Capital Ltd, Virtus Property Services Ltd, Tetra Real Estate Ltd and Tyto Contracting Ltd will be empowered to create and capture long-term value.
Wigley will remain a major shareholder in each company, through the newly established Wigley Investment Holdings and all portfolio businesses will have professional support through Wigley Connect Ltd.
It’s a significant evolution for our business, our people, and our partners. It’s testament to the tireless contribution of Wigley’s Executive Board particularly James Davies (Chief Executive Officer), James Ellerington (Chief Operating Officer), and Claire Lynch (Chief Governance Officer) over the last 10 years.
Thanks to their work, and that of the entire Wigley team, we have the strength, capability, and clarity of mission to take this important next step.
Evolution is in our DNA and as a family-owned business, alongside our fellow shareholders, we are privileged to be able to take a long-term view of growth. We are future focussed, looking ahead to the next 60 years.
This year, we celebrate our 60th anniversary as a company. At our foundation, we were a highways contractor and in more recent years we have been recognised as an industry-leading commercial property specialist. We have never stood still. We are comfortable with radical change.
We have always been led by an entrepreneurial spirit and an eye for opportunity. Our re-organisation not only enables us to pursue opportunity wherever we find it, but it will also drive growth across our existing portfolio.
Today we enjoy shareholdings in a diverse range of assets, each with their own growth trajectories and opportunities. If we are to enable growth and capture value, it’s right that we empower independent leaders, with the continued support and backing of the holdings company.
Under the new leadership of Chris Parsons (Tetra, Waterloo, and Virtus), Charles Hicks (Tyto), and Danny Leitch (Virtus and Wigley Connect) we know that each business will thrive, alongside our interests in Pi Gibralfaro, a Spanish Property Company, and Naunton Downs Estate Ltd in Gloucestershire.
Despite the significance of this evolution for us, for our clients, partners, and supply chain the transition will be smooth. We retain the same skilled team, the same values, and the same approach – and 12 months of work from our senior team has ensured a seamless transition.
We will retain the same commitment to our people, and our community. In July we will host our annual Golf Day and Gala Dinner at The Belfry. Since 2013 we have raised £185,000 and this year, we will be supporting the Jessie May Children’s Hospice.
Likewise, the Wigley Support Fund and the Wigley Community Fund will remain fundamental to our work and the communities in which we operate.
Nothing is changing, but everything is changing. We are the same people, with the same commitment and skills but we are ready for the future, empowered to grow, and positioned to identify and capitalise on opportunity.
Here’s to the next 60 years.