A SHOPFITTING firm is poised for growth following a management buy-out of the business.
Batley-based Sandoms has been bought by a management team led by managing director Garry Clark and financial director Chris Sutcliffe.
The buyers have been backed with a £250,000 investment from the Yorkshire & Humber Equity Fund and a £100,000 loan from Partnership Investment Finance. The firm has also had support from existing funder Cattles Invoice Finance.
Sandoms, formed in 1964, provides shopfitting services for some of the UK’s best known high street chains, including Thorntons, Specsavers, Pizza Express and Punch Taverns. It also makes its own units and counter displays for customers.
Mr Clark said: “We are delighted to have completed the purchase of the business with the help and support of YFM Group and PIF and are looking forward to continuing the success and development of Sandoms.
“We will continue to work with our customers closely to deliver outstanding service and build long-term relationships which have been vital to the company’s development.”
Paul Betts, investment manager at YFM Group said: “Garry and Chris have a wealth of experience and knowledge in their market.
“The business has developed a number of long-term relationships with some leading high street names and has some exciting new prospects.”
Paul Baxter, investment manager at PIF, said: “As a manufacturer, Sandoms is well-placed to deliver a seamless service to its customers on the high street and the prospects for the company’s continued growth are very encouraging.”