ReSolve has successfully completed the sale of Xylotek to Carpenter Oak Build, merging advanced timber construction expertise with traditional craftsmanship to enhance market offerings.

Target Information

Xylotek Limited, formed in 2018, specialized in the design and construction of advanced timber structures. Operating out of Bristol, the company offered a comprehensive range of services, including consultancy, project management, and construction. Its team comprised experts in architecture and timber design engineering, allowing Xylotek to collaborate with tier-one architects and engineers.

In 2022, Xylotek garnered attention for several successful projects, including the prestigious ABBA Voyage arena in London. This success culminated in a significant increase in turnover in 2023. However, the rapid growth led to cash flow challenges that hampered the company's ability to sustain performance. These issues were amplified by the insolvency of a key subcontractor.

Industry Overview

The timber construction industry in the UK has seen an increasing trend in recent years, fueled by a growing demand for sustainable building practices. With environmental concerns gaining prominence, architects and clien