WayBeyond Capital Ventures Ltd (WBCV), a leading private venture studio, has completed the acquisition of Earthworks Testing Ltd (ETL), facilitating a management buyout of the established testing services provider. The transaction, completed in January 2025, positions ETL for accelerated growth while maintaining its operational independence.
As part of the acquisition, Professor Paul Morrisey of WBCV has been appointed Chairman of ETL’s board, bringing extensive industry experience and strategic oversight to the company. This appointment strengthens ETL’s leadership structure and provides a direct link to WBCV’s extensive resources and expertise.
Mike Tomlisson, CEO of Earthworks Testing Ltd, commented: “This partnership with WayBeyond Capital Ventures marks an exciting new chapter for ETL. Their support and strategic vision align perfectly with our growth ambitions. I’m particularly proud of our exceptional staff, whose dedication and expertise have been instrumental in making ETL the trusted industry leader it is today. With WBCV’s backing and resources, we’re well-positioned to expand our services while maintaining the high standards our clients expect.”
The acquisition provides ETL access to WBCV’s comprehensive suite of business development resources, financial resources, operational expertise, and industry networks. This strategic support will enable ETL to pursue ambitious growth plans while enhancing its service offerings and market presence.
About Earthworks Testing Ltd
Earthworks Testing Ltd is a specialised testing services provider, delivering high-quality analysis services to the UK construction industry.
About WayBeyond Capital Ventures Ltd
WayBeyond Capital Ventures Ltd is a private venture studio that partners with promising companies to accelerate their growth through strategic investment and operational expertise.