The management team of Lister Trade Frames, a window, door and conservatory manufacturer and installer based in Stoke-on-Trent, has completed its management buyout of the business from the Lister family.
The management team comprises directors Mark Warren, Phil Warren, Darren Pusey and Derrith Turner who have all held senior roles at Listers since 2000. Under their management, the company has tripled turnover and won a number of major industry awards.
Founded in 1976, Listers employs 110 people at their premises in Fenton, Stoke-on-Trent. The company manufactures glazing products in aluminium, PVCu and composite materials, but their focus is on providing added value for its trade customer base by offering supplementary business support such as personalised marketing, training, technical survey support and a wide range of other business advice services. Malcolm Cook and James Ward from PKF Accountants and business advisers acted as lead advisers for the management team.
The lawyers for the management team were Hawkins Hatton, led by Colin Rodrigues, with assistance from Ruth Murday and the corporate team.
Malcolm Cook, a partner in PKF’s Birmingham office, said: “This transaction demonstrates it is possible to complete buy-outs in the current funding climate if you have a sound business plan, a strong management team, and advisers who really understand the market.”