Little Acorns – Groundsure

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.

Metropolitan Venture Partners provided the first tranche of about £650k investment, for the new Company -Groundsure in 2000 and the business launched in 2001.Image

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.

 

 

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