Partnership Investment Finance

Bath manufacturer gears up for further growth

 

 

THE COMPANY

 

Hull-based bath manufacturer Reva employs 80 staff and is the fourth largest manufacturer of acrylic baths, shower trays and panels in the UK bathroom market.

 

Following a management buyout by Managing Director Gary Stevens and Finance Director Paul Jubb in 2005, the company has invested a significant amount of capital in new manufacturing premises and technology in the development of a new range of own-brand products.

 

A member of the Bathroom Association, Reva is accredited to ISO 9001 and adheres to a strict set of internal quality standards in order to guarantee that all products are of a universally high standard.

 

 

THE CHALLENGE

 

Following the management buy-out, the company invested in new facilities, plant and machinery to grow the business further. Mr Stevens said: “Reva Industries is a young and innovative company whose strengths lie in the design and manufacture of superior quality acrylic baths, panels and shower trays. Reva offers a distinctive and creative look that appeals to the design conscious consumer.

 

“We maintain a balance between European design styles and high quality British manufacturing. Reva aims to use its links with Europe to revolutionise the UK industry and supply products that create new trends in the market place.”

 

However, to finance the further growth of the business the company required further working capital following the investment in new premises.

 

 

THE SOLUTION

 

The management team approached Partnership Investment Finance with a view to raising further funds.

 

Partnership Investment Finance Investment Manager Steven Bell said: “Reva Industries has, since its management buyout in 2005, proven itself to be an excellent business, led by a talented management team who have made a significant investment in the business and have used this investment to develop new products and improve the production process.”

 

“Our support of the business through this investment will allow the company to further consolidate its position in its market place by offering a greater range of products to a wider customer base.”

 

 

 

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