Wed, 19 Aug 2015 | MBO/MBI
The Parkside Group, one of the largest privately-owned aluminium architectural systems distributors in the UK, has completed its management buyout (MBO) proceedings.
Backing from RBS Invoice Finance helped the company's management team to take control after the firm's founder and previous owner, Derek Cook, retired.
Peter Dziurzynski, managing director with the firm, commented: “We are so pleased that the MBO has been successful. We have worked alongside the company's previous owner for many years, helping to drive forward its development and continue its growth.
“We do not plan to make any major changes to the company but to focus on its expansion and delivering a high quality service to our customers.”
The Parkside Group was founded in 1967 and is based in Surrey. It operates under the trading names Comar, Alu-Timber, Duco and Axim and supplies the UK installer and manufacturing markets.
The deal has been financed by working capital from RBS Invoice Finance in the form of an Asset Based Lending facility.
The latest accounts submitted to Companies House for the year to 31 December 2014 for The Parkside Group reported cash in the bank of £3,177,214, liabilities worth £2,967,597 and a net worth of £9,247,478.
You can read more about acquisition funding options here.
This leading recruitment agency boasts over 30 years of expertise in mechanical and electrical engineering, offering a robust infrastructure and an extensive candidates' database.
Explore a dynamic business opportunity with a relocatable, eco-friendly contract packing and reworking specialist located in Norfolk.
A highly respected family business specialising in waste recycling is now available in West Yorkshire, offering a unique opportunity in a thriving industry.
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.