Partnership Investment Finance

SANDOMS SET FOR FURTHER GROWTH AFTER MANAGEMENT BUYOUT

 

One of the region’s largest shop fitting businesses is set for growth following a management buyout of the company backed by YFM Group and Partnership Investment Finance.

The management team led by Managing Director Garry Clark and Financial Director Chris Sutcliffe has received a £250,000 equity investment from the Yorkshire & Humber Equity Fund and a £100,000 loan from Partnership Investment Finance (PIF) to help finance the deal along with support from existing funder Cattles Invoice Finance.

Established in 1964, Batley-based Sandoms provides shop fitting services to some of the UK’s best known brands. The company also manufactures its own units and counter displays for customers, which means Sandoms provides a full range of services to retail customers from original concept and design to final fit out ready for the high street.

With high profile customers including Thorntons Chocolates, Specsavers , Pizza Express and Punch Taverns the management team are confident that the prospects for growth are promising.

Garry Clark, Managing Director, commented: “Both myself and Chris are delighted to have completed the purchase of the business with the help and support of YFM Group and PIF and are looking forward to continuing the success and development of Sandoms. We will continue to work with our customers closely to deliver outstanding service and build long term relationships which have been vital to the company’s development.”

The deal was another successful transaction for YFM Group and PIF who saw strong opportunities for market growth and an opportunity to back an experienced and ambitious management team.

Paul Betts Investment Manager at YFM Group said: “Garry and Chris have a wealth of experience and knowledge in their market. The business has developed a number of long term relationships with some leading high street names and has some exciting new prospects. We look forward to working closely with Garry and Chris to help them achieve their plans.”

Paul Baxter, Investment Manager at PIF: “As a manufacturer Sandoms is well-placed to deliver a seamless service to its customers on the high street and the prospects for the company’s continued growth are very encouraging.”

The deal was led by Investment Director Mark Hunter and Investment Manager Paul Betts on behalf of the Yorkshire & Humber Equity Fund and existing funder Calvin Dexter provided continued support for the business in the form of Invoice Discounting facilities from Cattles Invoice Finance.