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.
Bring to the market this leasehold specialist car sales and servicing facility located in Horncastle, Lincolnshire. The trade was established as a limited company in 2005.
LEASEHOLD
The company is an online vehicle purchasing platform, providing a fast, hassle-free car-selling service for the end user. A competitor to the likes of webuyanycar.com and Motorway, the company is a well-established online vehicle purchasing platform...
Bringing to the market this denim and casual wear retailer, boating a user friendly comprehensive online presence.
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