West Yorkshire-based bespoke joinery manufacturer Design and Display is poised to expand into new markets and create new jobs following a change in ownership.
HSBC UK has provided a seven-figure funding package to support the management buyout as current MD Jon Worsnop takes a 91% stake in the business.
Specialising in the designing and manufacturing quality bespoke interiors, the business is now targeting further growth, aiming for £12 million in revenue over the next two years through expansion into the student accommodation and hotel markets.
With a current workforce of 53, Design and Display Limited plans to create further positions on the warehouse floor, bringing the total to 65 employees at its purpose built 80,000 sq ft facility.
Following on from the completion of the MBO, the business will enhance its service offering with the capability of product installation onsite.
Jon Worsnop said: “The ownership transition will enable us to be better prepared and positioned for future growth as market demands and our service offering evolves. Since starting this journey in 2020,transforming the business into a profitable operation has been hugely rewarding. And, with HSBC UK’s support, I’m thrilled to embarking on the next chapter as majority stakeholder.”
With an establish presence in the retail and residential marketplace, Design and Display Limited currently serves a diverse clientele, including notable names such as Dunelm and Berkeley Homes, as well as projects like the 12 Trees Park housing estate in London.
