Tue, 10 Dec 2019 | MBO/MBI
There has been a seven-figure management buyout (MBO) at Derby-based recruitment and performance consulting business Ford & Stanley. The company, based at Pride Park and with locations in London and Birmingham, specialises in the rail, mechanical engineering and digital sectors.
The MBO was led by directors Chris Jones, Dan Taylor, Sam Ford and Eoin Grindley and backed by Allied Irish Bank. Company founders Peter and Kate Schofield will continue to play a “meaningful role” in the company.
Ford & Stanley has an annual turnover in excess of £10 million and currently employs 30 staff across its divisions, which include: Ford & Stanley Recruitment; Talentwise and GENIUS Performance.
Following the MBO, company co-founder Peter Schofield said: “"The management team will provide energy and focus for the group recruiting business, allowing me to concentrate my energies on the performance, mental health and leadership side of the business with GENIUS Performance Ltd.”
Allied Irish Bank relationship manager Dale Cowdell added: "In the last three years sales at Ford & Stanley have grown by 300 per cent, and the business’s continued emphasis on providing high quality recruitment services combined with its diversification into complementary arenas such as training, occupational mental wellbeing and performance support are certainly bearing fruit.
"Chris, Dan, Sam and Eoin are exemplars of the strong management teams we seek out in the businesses we back and we look forward to working with them as they take the business forward to the next stage of growth."
Allied Irish Bank was introduced to Ford & Stanley by Neil Wade of Independent Banking Professionals in Nottingham. Fraser Brown provided Allied Irish Bank with legal advice, Simon Davies of Goldards advised the sellers, while the management were advised by Fraser Cunningham and Mark Wilcock of Smith Partnership.
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