Tue, 22 Feb 2011 | MBO/MBI
A 144-year-old Yorkshire engineering company has undergone a multimillion-pound management buy-out, backed by Yorkshire Bank.
Bradford-based Mansfield Pollard, which specialises in the development of ventilation solutions, remains partially in the hands of a member of the founding Pollard family, however. Former joint managing director, Alan Pollard, has teamed with production director Bob Hill, finance director Joanna Robinson and technical and sales director Martin Brown, to take ownership of the company, having previously been owned by Alan and his fellow joint managing director brother, Barry.
The MBO saw the team buy Barry's shares in the successful company, following his decision to retire after 42 years.
The company was first founded in 1866 to provided the engineering and facilities needed to sustain West Yorkshire's booming textile industry. It employs 145 staff and has an annual turnover of £12 million.
Joanna Robinson said they were grateful for the confidence that Yorkshire Bank has put into the business, and outlined plans to expand the company's areas of expertise, including launching a range of packaged AHU heat pumps later this year.
"We're pleased that Yorkshire Bank has recognised Mansfield Pollard as a good quality enterprise in which to invest and to have gained backing at a time when many banks are not lending," she said.
The company offers a well-regarded own brand of hair care products focusing on hair growth and repair, featuring premium formulas that are natural, vegan, and cruelty-free. With a strong global presence and prestigious industry awards, the business h...
This business offers a cutting-edge process safety management platform with proprietary software that ensures proactive safety measures for both onshore and offshore assets. With a strong foothold in the oil and gas sector and recent expansion into i...
This business offers a comprehensive range of road surfacing and civil engineering services, supported by significant investments in state-of-the-art equipment and a recently acquired operational site in Scotland to optimise efficiencies. With robust...
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.