Seven-figure package backs MBO at expanding manufacturer

A West Yorkshire-based manufacturer of joinery is set to expand into new markets and create new jobs following a change in ownership facilitated by HSBC UK funding.

HSBC UK provided a seven-figure funding package to support the management buyout at Design and Display Ltd, which achieved a turnover of approximately £9m in 2024, as the current managing director Jon Worsnop takes a 91% stake in the business.

Specialising in the designing and manufacturing of bespoke interiors, the business is now targeting further growth, aiming for £12m in revenue over the next two years through expansion into the student accommodation and hotel markets.

With a current workforce of 53, Design and Display Limited plans to create further positions on the warehouse floor, bringing the total to 65 employees at its purpose built 80,000 sq ft facility.

Following on from the completion of the MBO, the business says it will enhance its service offering with the capability of product installation onsite.

Worsnop said: “The ownership transition will enable us to be better prepared and positioned for future growth as market demands and our service offering evolves.

“Since starting this journey in 2020,transforming the business into a profitable operation has been hugely rewarding.

“And, with HSBC UK’s support, I’m thrilled to embarking on the next chapter as majority stakeholder.”

Robert Danson relationship manager  at HSBC UK, added: “We are committed to helping local businesses and their leaders find the right financial solutions to achieve their growth ambitions.

“That’s why we are proud to support Jon and Design and Display through this MBO. We look forward to being part of the growth journey going forwards.”