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.
