The Group's business is directed by the Board and managed by the Executive Directors, led by the Chief Executive. To support the development and alignment of the Group's business objectives a Regional Board assists in the control and delivery of the strategic goals as defined by the plc Board. Regional Boards include the Managing Director from each business unit as well as the Group's CEO and CFO. This team will maintain a clear focus on developing the business in line with market requirements.
Chief Financial Officer
Appointed: March 2010
Career: Holds a degree in civil engineering and qualified as a chartered accountant with PwC in 1989.
Previous role: Finance Director in two UK subsidiaries of Marlowe Holdings, an American-owned industrial products distribution group headed by Edmundson Electrical, as well as a group corporate development role.
Board committees: AIM Compliance and Corporate Governance Committee and by invitation.
Appointed: May 2014
Career: 48 year career in industry. Strong commercial and marketing experience as well as City investor knowledge and expertise. Experienced Non-Executive having worked across industrial, pharmaceutical and investment sectors.
Current role: Non-Executive Chairman, Trifast plc, Non-Executive Chairman, discoverIE (formerly Acal Plc).
Board committees: Chair of Nomination Committee and also a member of both the Audit and Remuneration Committees and the AIM Compliance and Corporate Governance Committee.
Appointed: May 2014
Career: 23 years within the accountancy sector at partner level with PwC. Experienced adviser to listed and private equity-owned businesses across manufacturing, distribution, construction and engineering sectors.
Board committees: Chair of Audit, Remuneration and AIM Compliance and Corporate Governance Committees.
Chief Executive Officer
Appointed: November 2009
Career: 33 years in industry – in design, manufacturing, wholesale, retail and industrial distribution.
Previous role: Managing Director of a large UK industrial distributor, a subsidiary of a large German group.
Board committees: By invitation.
We acquire established, specialist businesses that extend our Group capability, but we believe in maintaining their heritage, individuality and specialism. Ensuring consistency for their customers is important to us, so we simply improve these businesses with our Group central services.
Based in Skelmersdale, Lancashire, the Service Centre team covers the disciplines of finance, human resources and IT for the Group. As Group IT systems and working practices are introduced into new acquisitions with standardised methods of working, we believe growth can be successfully supported by the existing small team.
Additionally, the Group purchasing and logistics function based at Skelmersdale, with a secondary logistics site in Leicester (through the Beaumanor acquisition in March 2018), will see the Group maximise purchasing and stockholding opportunities for all Group members to benefit.
Acquisitions team pictured left to right:
Chris Kershaw, M&A Consultant
Helen Barratt, Head of Corporate Governance and Accounting
Bryce Brooks, Chief Financial Officer
Anne Fogg, Head of Business Process
Jon Burke, Head of Commercial Finance and Credit
Sean Fennon, Bryce Brooks and Nick Fossey are responsible for target identification and lead negotiation, supported by Chris Kershaw who has previously worked in a series of M&A roles, including Group M&A Director at Spice plc. The typical criteria our experienced strategic Acquisitions team look for include:
- Fluid power based business and fits with the Channel strategy
- Strategic – geographical or sector
- Technically biased and extension of the Group offering
- Strong business leader
- Knowledge and skills
During the due diligence process Bryce and Chris are supported by professionals from the following organisations:
The immediate post integration team covers business process, IT and financial control, with follow-on work undertaken in corporate governance, risk management and business continuity planning. This entire process is structured under a '100 Day' project management philosophy led by the CFO.