A SHEFFIELD company has been named the fastest
growing management buy out in the North
East.
Darnall-based
Mayflower Technology secured its place
in the Sunday Times Deloitte Buyout
Track 100 league table after recording
an annual profit growth of 71.25 per
cent.
The Coleridge Road business came 18th
overall in the national table and third
in the North of England, in addition to
being the fastest growing buyout in the
North East. Mayflower – which is
changing its name to MTL Group – makes
components for military vehicles, trains
and construction equipment for customers
such as BAE and Caterpillar and trebled
its profits between 2004 and 2007.
The company was family-owned until Bank
of Scotland Corporate and corporate
finance group Dow Schofield Watts backed
management buy out in 2006, led by
managing director Henry Shirman.
The full article
contains 139 words and appears in
Sheffield Star newspaper.
Last Updated: 22
February 2008 7:40 AM
