Walter Lilly has been in enterprise since 1924 engaged on building jobs throughout London and the South East.
It was acquired by Y.J.Lovell in 1955 which was renamed Renew in 2006 with a concentrate on engineering providers.
The sale sees Walter Lilly offloaded to specialist luxurious contractor Dimension Holdings Restricted for a “nominal consideration”.
Paul Scott, Chief Govt Officer of Renew, stated: “I wish to thank all of the employees of Walter Lilly for his or her dedication and dedication over a few years of service to the Group. I want them effectively as they embark on a future beneath new possession.”
Renew added: “The disposal sees the group exit its solely remaining specialist building enterprise and is in step with the group’s technique of focusing actions on specialist engineering the place it targets finish markets delivering upkeep and renewals programmes that profit from long-term, non-discretionary funding programmes.”
Newest outcomes for Walter Lilly for the yr to September 30 2023 present a turnover of £73.4m producing a pre-tax revenue of £1.3m whereas the agency employed 159 employees.
