Management team focused on growth at Wakefield-based Conservatory Outlet
Monday 10th March 2014
Conservatory Outlet Directors Greg Kane and Michael Giscombe have signalled continued growth for the Wakefield-based manufacturer after completing its purchase and becoming equal shareholders. The deal is the result of a five year strategy that has seen the duo drive forward the business and significantly invest in its future which includes the installation of the latest technology and focus on staff development.
Conservatory Outlet is a leading supplier of conservatories, orangeries, double glazing windows & replacement doors throughout the UK. They operate from a fabrication facility in Wakefield where they manufacture an extensive range of products using the latest technological machinery and most advanced UPVC on the market. The Conservatory Outlet dealer network contains a group of high calibre home improvement companies all trading with the same exceptional values, service and quality products.
Established in 2005 Conservatory Outlets today has a turnover of £12million. The firm has enjoyed significant growth over the last five years and Kane and Giscombe are focused on driving this further and ensuring continued success and satisfaction for its customers and network of dealers.
A team of Yorkshire-based advisors and funders have supported the deal. Rob Burton and Alex Baskeyfield from Mazars LLP advised the company and funding has been provided by Allied Irish Bank in the form of working capital facilities. The bank is represented by Matthew Fannon. Legal advice was provided by Nick Metcalfe at Baxter Caulfield LLP.
Greg Kane, Director at Conservatory Outlet said: “We have invested substantially in the business over the last five years to install the latest technology, machinery and establish a comprehensive employee training program. We manufacture from our facility in Wakefield to create an extensive range of products using the most advanced UPVC on the market that ensures the perfect consistency of quality, colour, and finish throughout our product range.
In fact, our large capacity, our own modern delivery fleet and Conservatory Outlet’s commitment to offering short lead times enables us to supply the products when our customers need them – and with impressive speed, efficiency and quality. We have established an excellent reputation in the industry and our extensive investment in the business has been a key part of Conservatory Outlet’s recent success. Michael and I are delighted to officially take the reins of the business that we have worked so hard to grow over the last five years. We are focused on driving the business further forward. For our customers, suppliers and staff nothing changes and it is very much business as usual.”
Rob Burton, Corporate Finance director at Mazars, said: “Greg and Michael have been part of Conservatory Outlet for a number of years and formed a key part of the management team’s recent growth strategy. They are committed to continuing the firm’s success and building the reputation of the Conservatory Outlet brand across the UK. I am delighted to support them and once again work alongside a team of Yorkshire advisors on the deal.”