Management buyout completed at Warrington-based CoreRFID
Warrington-based radio frequency identification system maker CoreRFID has completed a successful management buyout thanks to backing from the SME lending arm of venture capital firm Enterprise Ventures.
Chairman Terry Allen, managing director Munzi Ali and sales director Richard Harrison took a 93% stake in the firm after acquiring shares from an existing investor.
CoreRFID serves more than 1,000 customers in the UK and abroad, including defence and aerospace giant BAE Systems, transport operator London Underground and law firm Allen & Overy.
Enterprise Ventures SME Loans is backed by Greater Manchester Pension Fund and Santander.
Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.
The new Apprenticeship Levy could help transport and logistics companies solve their recruitment problems and equip their workforces with…
Travelstar European Ltd, one of the West Midlands’ leading coach hire companies, has moved to larger premises in Portland Street, Walsall,…
Santander’s local Business Banking team recently held a Breakthrough Masterclass at the English Whisky Company, with local East Anglian…