Sun, 22 May 2011 | BUSINESS SALE
Herbert T. Forrest, the public and private sector social housing business based in Preston, may be placed on the market following the appointment of Rothschild, the investment bank, to review strategic options.
It is believed the company, which is owned by private equity company LDC and the management, could be worth up to £65m and will likely appeal to several private equity firms as well as listed companies in the sector.
Herbert T. Forrest was established in 1954 as a joinery company and quickly created a reputation as a high quality supplier of building and construction services to the public and private sectors. It works on a partnership basis with regional authorities and housing associations across the north of England.
In the last two months Forrest has won places on the North West Construction Hub’s Low Value framework and the Riverside framework. This ensures that Forrest is eligible to bid on an extended range of housing association construction projects in the region.
Forrest recorded sales of £52.5m in the year to 31st August 2010, up from £46.8m in the previous year. Pre-tax profits, however, dropped to £4.89m from £5.2m in 2009.
The business specialises in providing international hospitality companies through forums and networking events a route to two key markets. The business operates on a B2B basis across the UK & France, offering events for MICE agents and end-user corpo...
RELOCATABLE
The company provides commercial vehicle repairs, servicing, and diagnostics, specialising in HGVs and LGVs. The business’s comprehensive offering includes LOLER testing, repairs, roadside assistance, MOTs, and vehicle servicing.
The company offers roofing materials to tradespeople and the general public, specialising in providing reclaimed materials. The continuous high standard of service provided by the company has enabled it to build and maintain secure relationships with...
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.