The origins of the business go back to the 1920’s when Alex Vallance founded a major electrical retailer and Vallectric was born as one of its service departments.
The war years 1939-1945
During the second World War the company found itself installing electrical services to the Vickers tank factory at Barnbow in Leeds and also installing radios in tanks; an early example of changing the business to reflect customer requirements.
Post war years 1945-1959
Growth in the scale of it’s electrical contracting activities in the post war years led to it being incorporated as a separate limited subsidiary in 1959.
Vallectric achieved independence in 1987 when the retail activities were sold by the Vallance family.
In 1991 the Vallance family decided to allow wider ownership of Vallectric and 25% of the equity was transferred to other Directors and Senior Managers.
In 2006 the Executive Board and Senior Management of Vallectric completed a management buy out from the retiring Vallance brothers, however the family ethos continued in the new organisation, as did the brother’s support.
The business went from strength to strength and expanded both its customer base and service offerings and it is testament to the efforts of loyal and committed staff that the business celebrated its 50th anniversary despite two very deep recessions.
In 2015, after 30 years at the helm, the Managing Director and major shareholder, Alan Gardner, decided to retire and was in no doubt that it was in the best interests of the company to continue under the direction and ownership of the existing management team. This was accomplished and now the management team now hold 100% of the equity. The helm is now shared by three joint Managing Directors which, though not usual, in this instance provides a much stronger and sharper focus to the operational and service elements of the business.
Today, Vallectric remains a private limited company, but has changed significantly from its purely domestic and commercial electrical contracting origins in West Yorkshire and now offers a broad range of mechanical and electrical installation services throughout the UK. However, core values are still as important now as the day the company started.