MBO at Cutwel

A management buyout led by Adam Gillard, Graham Short and Shaunie Mangham has been completed at Yorkshire-based tooling supplier Cutwel Ltd (backed by Leeds-based private equity company NorthEdge Capital).

The funding will support Cutwel as it continues to scale its sales team with investment in recruitment, training and product development. Cutwel aims to double its headcount over the next four years to over 100 employees with the ultimate aim of doubling turnover within the next five years. The company achieved year-on-year revenue growth from £6m in 2012 to more than £16m in the year to April 2018.
For further information www.cutwel.co.uk