Search

Dagenham furniture firm completes first stage of management buyout

PUBLISHED: 10:00 13 September 2019 | UPDATED: 11:16 13 September 2019

Hunters employs 50 people at its Dagenham distribution hub. Picture: Google

Hunters employs 50 people at its Dagenham distribution hub. Picture: Google

Archant

An independent furniture company has completed the first stage of its management buyout.

Managers at Hunters The Furniture Company - which has its distribution hub in Hindman's Way, Dagenham - announced they had taken the first step towards acquiring the firm on Monday, September 9.

The business, which has an annual turnover of £37million and employs 50 staff, was advised by specialist business advisory firm FRP Advisory.

You may also want to watch:

Four long-standing employees, Stef Brennan, Norman Campbell, Lewis Harman and Rob Cannon, have been appointed as the new management team as founder Martin Playdell takes a step back from the business's day-to-day running.

Gary Thomas remains as managing director to assist during the transition period.

Adrian Alexander from FRP Advisory said: "Gary and Martin have played a vital role in making Hunters the successful business it is today. It is now ready for the baton to be passed to the new leadership team.

"We have no doubt the new management team has the experience, ambition and ethos to thrive."


If you value what this story gives you, please consider supporting the Barking and Dagenham Post. Click the link in the orange box above for details.

Become a supporter

This newspaper has been a central part of community life for many years. Our industry faces testing times, which is why we're asking for your support. Every contribution will help us continue to produce local journalism that makes a measurable difference to our community.

Latest from the Barking and Dagenham Post