Thu, 22 Aug 2013 | BUSINESS SALE
Precision engineering firm Ridgeway Products has been successfully sold on to new owners Peter and Valerie Harpham.
The deal, enabled by funding from RBS, has secured the jobs of the existing staff at the Leeds-based operation, with additional job creations expected in the coming months.
RBS gave the new owners an Enterprise Finance Guarantee Scheme loan to help cover the costs of buying the business, its leasehold and assets.
Ridgeway Products offers specialist precision engineering and instrument making to its network of customers across the globe.
With the transaction completed, the business has connected with RBS Invoice Finance (RBSIF) to help with the funding needed to bring expansion plans to fruition and buy new machinery.
Mr Harpham, managing director of Ridgeway Products, commented: “Having worked in the industry for many years I was very keen to undertake the purchase of this business given its strong financial performance and future potential.”
Stephen Ebsworth, relationship manager at RBS, added: “As a bank we fully recognise the potential that Peter and Valerie saw in Ridgeway Products Limited and were happy to provide funding for them.
“The business has a strong trading history and, along with the new owners’ experience in the industry we are confident that the short-term funding we have provided will help them to expand the organisation.”
____________________________________________________________________________
Related articles:
Precision engineering firm Rimor in change of ownership
Read more about buying a business
View the latest businesses for sale
The company is a leading manufacturer of cabling equipment for use across a variety of industries. With UK market dominance, the company also has an international customer base and receives recurring business through service and maintenance contracts...
A long-established distributor of bicycle components, accessories and maintenance products which supplies more than 1,000 retail and online shops across the UK has been placed in administration. Offers are now invited by 5pm on Monday, June 30, 2025.
The company is a prominent provider of installation, commissioning, and repair services for water purification systems, serving over 30 active clients across diverse sectors such as energy, industrial, healthcare, and pharmaceuticals. With a strong r...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.