News: MBO at Staverton

The directors of Rotherham office furniture and fit-out specialist, Staverton (UK) Ltd have taken majority ownership of the business following the completion of a management buy-out (MBO).

The deal for the company, previously known as the Logic Office Group, see the directors buying out managing director Mike Gardner and Warrington-based Claremont Group Interiors' shareholders.

The firm's manufacturing base is at a 35,000 sq ft factory in Hellaby in Rotherham and it also operates a showroom in Clerkenwell, London and a sales office in Westerham, Kent.

The group's history began as a wholly owned subsidiary of Black Arrow Group Plc in 1959. They joined the London Stock Exchange and grew threw a number of acquisitions, including acquiring the Staverton name in 2002.

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In 2009, a successful buy-in management buy-out of Logic Office Group took place and the directors of Logic jointly acquired a 40% stake in the business. This was complemented by a 60% stake held by a consortium of shareholders headed by office interiors specialist, Mike Gardner.

Now Turner Parkinson's Corporate team have advised Mike Gardner and other shareholders of Claremont Group Interiors on their exit.

The buy-out is expected to bring more independence to the business and sees Paul Edward, a director for more than 20 years, take the helm as managing director. The deal includes use of an enterprise management incentive scheme so that share options can be offered to Staverton directors and management in the future.

Staverton is now able to pursue additional external dealer relationships, and particular emphasis will be placed on building its reputation as a designer and manufacturer of high-end office furniture services.

Paul Edward, managing director at Staverton, said: "Staverton has started a targeted programme of building partnerships with a select number of top furniture distributors and interiors companies, spread throughout the UK. Our vision is to provide those companies the opportunity to work with a design led UK manufacturer that has a great track record creating client specific solutions.

"Our most recent product developments have been designed in response to the growing demand for Sit Stand working. We now have a future-proof bench, which offers various levels of upgrades from fixed-height through to fully programme powered and a mobile option, which gives clients the utmost in flexible working.

"The directors of Staverton would like to take this opportunity to sincerely thank Mike for his leadership of the business over the past six years as the business now has a strong foundation on which to move forward."

Staverton website

Images: Staverton

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News: Staverton's desk job at Shoosmiths

Staverton, a manufacturer of contemporary office furniture, has delivered 250 desks for a high profile office project in Birmingham.

Previously known as Logic Office Group, the firm's manufacturing base is at a 35,000 sq ft factory in Hellaby in Rotherham. and more than 250 Staverton LT desks have been installed at legal firm, Shoosmiths' new offices.

Shoosmiths provides lawyers to leading corporate names, property developers and some of the UK's largest banks. The firm recently moved into a new 40,000 sq ft open plan office at 2 Colmore Square, Birmingham's largest floor plate, to better accommodate its business and prepare for future growth.

Providing accommodation for more than 180 legal advisors and support staff, the firm chose to use interior design and office furniture to tell the story of its brand.

Staverton workstations were chosen following a vigorous piloting procedure against a global manufacturer, which saw furniture installed in Shoosmiths former Birmingham office for evaluation by the team. Staverton desks were found to offer greater flexibility, detail and personalisation.

Beckie Fenner-Evans who recently joined the new graduate programme at Staverton, said: "As a UK manufacturer of office furniture, we have always designed to meet clients' specific needs. If our clients want desktops in a particular colour, legs with a certain finish, a new degree of functionality such as integrated data and power or a new shape to maximise space – that's what we will do.

"We changed the finish of the desk leg to white so that the 250 desks would complement the clean design aesthetic of the open plan office and let other aspects of the interior, such as the meeting room manifestations, tell the Shoosmiths brand story.

"Above and beyond our supply of desks, the innovative office furniture used throughout this project gives them an additional point of difference in a competitive market.

"Shoosmiths' Birmingham office is perhaps not what you'd expect of a law firm. There is no doubt that office furniture has helped to tell their story."

The project follows on from a £1.2m contract with The Co-operative involving the manufacture of 2,800 workstations for the group's new 400,000 sq ft head office in Manchester.

Staverton website

Images: Staverton

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News: Logic Office Group becomes Staverton (UK) Ltd

Logic Office Group, the long established office furniture and fit-out specialist, has been renamed Staverton (UK) Ltd.

The firm's manufacturing base is at a 35,000 sq ft factory in Hellaby in Rotherham and the change sees the business leave their base in Hounslow, Middlesex.

The group's history began as a wholly owned subsidiary of Black Arrow Group Plc in 1959. They joined the London Stock Exchange and grew threw a number of acquisitions, including acquiring the Staverton name in 2002.

In 2009, a successful buy-in management buy-out of Logic Office Group took place and the directors of Logic jointly acquired a 40 per cent stake in the business. This was complemented by a 60% stake held by a consortium of shareholders headed by office interiors specialist, Mike Gardner.

Gardner, who continues as managing director of Staverton (UK) Ltd said: "This change allows us to focus on building our furniture business into a major player in the industry. Both Logic and Staverton have had a strong presence in the office furniture industry for over 25 years and now is the time to consolidate our business under a single identity.

"The creation of Staverton (UK) Ltd allows us to leverage the Staverton brand, which has gained significant profile following securing a number of major contracts including The Co-operative Group's new headquarters, and concentrate on our UK manufacturing operation, which gives us a real point of difference in the market."

The £1.2m contract with The Co-operative involves the manufacture of 2,800 workstations for the group's new 400,000 sq ft head office in Manchester.

Staverton website

Images: Staverton

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News: £1m investment in Logic Office Group

Logic Office Group, the UK manufacturer of contemporary office furniture, is the subject of a £1million buy-in management buy-out (BIMBO).


The current management team will jointly acquire a 40% stake - their first significant investment in the business. This will be complemented by a 60% stake held by a consortium of shareholders headed by office interiors specialist Mike Gardner, and including Black Arrow Group plc.

Mike was invited to invest in Logic Office Group by its founding brothers Arnold and Maurice Edward, who are both in their 80s and taking retirement.

Mike said: "I want to use the knowledge I have accumulated in building Claremont Group Interiors to progress the development and expansion of Logic Office Group.

"I have a track record of spotting the potential of a business and growing it and am very confident of being able to repeat that success with this opportunity."

Logic is based in Hounslow but their manufacturing site is in Hellaby, Rotherham. They employ 60 staff in the manufacture and sale of office furniture, office fit out and refurbishments.

Logic Office Group website
Rotherham

Images: Logic Office Group

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