Building services contractor, Playfords Ltd, has announced the completion of a management buyout and restructure of its board of directors
The new shareholders, James Tuohy – managing director who headed up the acquisition of the management buyout along with Andy Downing – group operations director and Dave Miller – Northern operations director will be working with the company’s retiring directors to allow a smooth transition and continuation of services.
Looking to the future
James Tuohy, said: “I am delighted and honoured to be able to continue the long-standing success of Playfords and thank our outgoing directors for their valuable service throughout their tenure.
“The MBO has ensured a seamless transition of control for the business and represents an exciting opportunity for the team to implement our vision and exciting future plans for the business.
“Alongside my fellow directors we remain committed to continuing with our current business strategy, the plan that has been created for the MBO has identified a number of opportunities and developments for us to explore in the near future”
“As with any important business change, we will continue to work closely with our customers and suppliers whilst guaranteeing that our high standards and service levels remain in place to meet expectation”
Playfords has experience in the fields of electrical & mechanical services, renewable energy, voice & data cabling and audiovisual & IT.
The management buyout heralds a new era for Playfords Ltd which is approaching 100 years in business in 2025.