Previously owned by the University of Sheffield, the management team recently succeeded in an MBO supported by Nucleus Commercial Finance and Mercia Asset Management which was completed via the Northern Powerhouse Investment Fund in January 2021.
We had two links into the business – a long-term relationship with the Executive Chairman, Kevin Parkin and also with Kevan Shaw the MD at Castle Square Corporate Finance, the advisors who helped to facilitate the MBO transaction. These relationships lead to our meeting Richard Cook (CEO ) in Q4 2020.
We had two links into the business – a long-term relationship with the Executive Chairman, Kevin Parkin and also with Kevan Shaw the MD at Castle Square Corporate Finance, the advisors who helped to facilitate the MBO transaction. These relationships lead to our meeting Richard Cook (CEO ) in Q4 2020.
CTI is a business that is well established, but is just about to embark on their business plan. This sees them at the outset of a very exciting growth journey that will see the turnover and EBIT grow significantly.
The existing FD has stayed on post-retirement to assist with the MBO transaction and they needed to recruit an FD who will support them in their current size, build a financial strategy to underpin the growth plan and who understands their manufacturing process, costing and pricing.
A swift process was required with no compromise on the quality of the search.
CTI is a business that is well established, but is just about to embark on their business plan. This sees them at the outset of a very exciting growth journey that will see the turnover and EBIT grow significantly.
The existing FD has stayed on post-retirement to assist with the MBO transaction and they needed to recruit an FD who will support them in their current size, build a financial strategy to underpin the growth plan and who understands their manufacturing process, costing and pricing.
A swift process was required with no compromise on the quality of the search.
Nik Pratap led the recruitment campaign and was supported by Nicola Worrow with her extensive history in the South Yorkshire market. Our service included the following features;
Nik Pratap led the recruitment campaign and was supported by Nicola Worrow with her extensive history in the South Yorkshire market. Our service included the following features;
"This is an important role for the business as the quality of reporting and the management information needs to be accurate, prompt and relevant. In addition, we needed an FD who really understands cost drivers, efficiency initiatives and working capital reporting and controls. Nik took time to understand the business, our strategies and reviewed our business plans before personally selecting ideally suited candidates who had to be team players and fit in well with our open-style culture. We were delighted with the quality of candidates presented by Nik, they were all well prepared and briefed in advance of the interview. Overall, we were delighted with the professional, dedicated and bespoke service Pratap Partnership gave us."
Kevin Parkin, Executive Chairman
"This is an important role for the business as the quality of reporting and the management information needs to be accurate, prompt and relevant. In addition, we needed an FD who really understands cost drivers, efficiency initiatives and working capital reporting and controls. Nik took time to understand the business, our strategies and reviewed our business plans before personally selecting ideally suited candidates who had to be team players and fit in well with our open-style culture. We were delighted with the quality of candidates presented by Nik, they were all well prepared and briefed in advance of the interview. Overall, we were delighted with the professional, dedicated and bespoke service Pratap Partnership gave us."
Kevin Parkin, Executive Chairman
