Thu, 15 Jul 2010 | MBO/MBI
Northampton printer support business Datatrade has been purchased in a management buyout for £500k. The existing shareholders Mark James, Sue James and Clive Lacey have created a new holding company, Datatrade Holdings.
The management team has taken on a 73 per cent holding in the company, which had been previously owned by a trust. The managing director Mark James, who had a 25 per cent portion in the business, is now the majority shareholder.
"This is a positive step for Datatrade and will hopefully strengthen our position in the market", said Mr James of the deal.
The move also involved the addition of new shareholders and directors Pete Laplanche, Kevin Mansworth and Justin Clubb to Datatrade.
Established in 1981, Datatrade provides printer support and maintenance for retailers, goods transport businesses and warehouses. Customers include household names such as John Lewis, Morrisons, Debenhams, and Cadbury Schweppes.
The family-run business has 35 employees, which are mostly field-based engineers.
Its revenues amounted to £2.5 million for the year ending September 2009.
The business operates in the UK with an international presence and specialises in providing comprehensive recruitment solutions to customers in the technical sector.
The company has traded for 16 years, based in the Northwest and operating nationally providing temporary staff to large corporate clients.
The company is well-established and operates from a third party owned quarry in Lincolnshire. The business quarries, manufactures and supplies a range of aggregate products, gabion stone and provides associated products and services throughout the Un...
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