Deal creates £40m-turnover interiors group
Southerns Group, a Leeds-based workspace interiors specialist backed by the founder of Clipper Group, has acquired Broadstock Office Furniture in a move that creates a major provider to the commercial, educational, governmental and wider business sectors. Funding for the deal was provided by Santander.
In 2015 Southerns acquired its namesake based in Bolton, and Ralph Capper Interiors, based in Manchester, to create a group that posted revenues in excess of £18m in the year to June 2016. This followed an equity investment in the group by Knaresborough Investments, the private equity vehicle established by Steve Parkin, founder of the Clipper Group. The enlarged group will have more than 200 employees. Southerns was advised by Blacks solicitors. Broadstock was advised by Rickitt Mitchell and Weightmans solicitors.
Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.
Santander announces breakthrough women in business mentoring programme in association with Cause4 .
When you’re an established business, recruiting top talent in all the areas you need can seem like a never-ending challenge.
If you’re a start-up or small business, how can you put together an attractive employee package to appeal to top talent – graduate and…
More than one million incidents of financial fraud occurred in the first six months of 2016, according to official figures released by…
Santander’s Head of SME International Mark Collings discusses why exporting to new global markets may provide businesses with new and…