Tue, 13 Jan 2015 | MBO/MBI
A Leyland-based steam cleaning business has been purchased in an MBO by the businessman who founded it.
Matrix Cleaning Systems, the only manufacturer of steam cleaning machines in the UK, has been bought by founder Bob Pownall and his family in a buy-out funded by Lancashire County Council’s Rosebud Finance. The moved has allowed Mr Pownall to take full control of the firm after he snapped up the shares owned by original investors, Peter Grange and George Blenkinship. The amount paid for the shares has not been revealed.
The business plans to expand its members of staff from 12 to 24 and will now be overseen by Mr Pownall, his son Gavin and his daughter Natalie.
The family set up Matrix in 2001, at which point it traded under the name Steam Clean UK, and made equipment to remove chewing gum from high streets. It later changed its name and began manufacturing a range of 18 steam cleaning machines, which are used in offices, schools, hospital and shopping centres across the UK.
Mr Pownall said: “The Rosebud funding has removed any uncertainty over the future by bringing full ownership within the family. This ensures we can continue manufacturing in Lancashire and press ahead with our plans to target the US and other overseas markets.”
_____________________________________________________________
Related information:
Evaluate a target company
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.