Back in the mid 1990’s our principal was running a small environmental consultancy and had the bright idea that there must be some commercial value in collecting environmental data, in the form of national datasets for it’s own site evaluation processes.
Datasets were acquired and developed into a simple database called ‘ContamiCheck’, the value in the reports was thought to be attractive to solicitors, surveyors and other property professionals to provide basic environmental due diligence on sites they were acquiring or selling for their clients.
The initial reports were very simple, paper delivered assessments of which a few dozen were produced each month. Eventually, this database was taken out from the former business and used as the basis for an ambitious punt at acquiring venture capital to build a new stand alone business.
The Company grew and developed, one of only three key businesses in the fast evolving environmental data market. In April 2007 Emap Ltd announced its acquisition of the entire shareholding capital of GroundSure in a deal valuing the business at around £45 million.