The company will continue to trade under the existing name. The retiring directors Dean Crossland, Andrew Stubbs and Jayne Crossland will stay on temporarily as consultants to ensure a smooth transition.

The 36-year-old business designs, manufactures and installs high quality sheet metal products and fabricated structures, offering a range of engineering goods and services to the textile, construction and industrial industries as well as the public.

Dean Crossland said: “Andrew, Jayne and I wanted to retire, and we’re delighted that Ben showed interest in buying the company. He started with us as an apprentice 14 years ago, so he knows the business inside out and has lots of energy and ideas, so I know its future is in safe hands.”

The buy-out also means that five employees will retain their employment contracts and Ben has ambitions to increase the customer base and create more local jobs .

Ben added: “I’m planning a very smooth transition to allow existing customers to get to know me better and ensure we maintain our ability to meet project briefs and respond quickly. Then, we will step up our marketing to secure new contracts from previously untapped sources and gradually build the team to meet the increased demand.”

Jeremy Meadowcroft, business lending manager at Finance For Enterprise added: “The business has an established reputation, with some high profile repeat clients. I am delighted that FFE has been able to provide the funds to allow a successful manufacturing business to transition into ownership by the second generation of the family.”

For more information and the source, visit: MBO at metal fabrication firm | TheBusinessDesk.com