Seven-figure MBO for Derby recruitment firm
Derby-headquartered recruiter Ford & Stanley has been bought out by its management team in a seven-figure deal backed by Allied Irish Bank (GB).
Chris Jones, Dan Taylor, Sam Ford and Eoin Grindley have taken over the reins at the Pride Park-based firm from founders Peter and Kate Schofield, who will continue to play a role in the business.
The recruitment and performance consulting company operates in the rail, mechanical engineering and digital sectors. It turns over £10 million a year and employs 30 people across its Ford & Stanley Recruitment, Talentwise and GENIUS Performance divisions.
Dale Cowdell, relationship manager at Allied Irish Bank (GB) in Nottingham, said: “In the last three years sales at Ford & Stanley have grown by 300 per cent, and the business’s continued emphasis on providing high quality recruitment services combined with its diversification into complementary arenas such as training, occupational mental wellbeing and performance support are certainly bearing fruit.
“Chris, Dan, Sam and Eoin are exemplars of the strong management teams we seek out in the businesses we back and we look forward to working with them as they take the business forward to the next stage of growth.”
Fraser Brown provided legal advice to the Bank. The vendors were advised by Simon Davers of Geldards and the management team by Fraser Cunningham and Mark Wilcock of Smith Partnership.
