Majestic Group acquired by RDCP
London-based investment firm, RDCP Group, has acquired 98% of Somerset-based window, door, and conservatory manufacturer Majestic Group.
Majestic, which is reported to have enjoyed a record year, with circa £8m in turnover and £2m in operating profits, is now said to be targeting ‘significant growth’ in the years ahead.
Majestic Group consists of the manufacturing company Majestic Window Designs (MWD) and its sister retailing and installation company Majestic Designs (UK). Based in Cheddar, the business manufactures all its windows, doors, and conservatories.
Majestic has been in operation for over 20 years after being established by Steve Harris, who will now retire following the sale of the company. Majestic Group employs over 60 staff members and will operate as usual with Jim Martin promoted to the position of group managing director working closely with Sameer Rizvi, Iryna Dubylovska and Paul Clunn from RDCP.
Sameer Rizvi, founder & CEO of RDCP Group explained: “Majestic is a fantastic business with a successful track record of growth. Working together with Jim and the team, our focus is to expand the business even further and continue to deliver excellent products and services to their loyal customer base. It’s very much business as usual for everyone at Majestic Windows and we’re delighted to be part of this exciting new chapter.
“We want to thank Steve Harris, who founded the business several decades ago and has created an iconic brand, but now wishes to retire and spend more time with his family. Just like Majestic Group, RDCP Group is a family-owned business, founded by my wife, Iryna Dubylovska and I in 2015.
“In fact, one of the reasons we acquired Majestic was because of the similar family-style corporate culture that the business has. The other reasons are the long-term committed staff base, year-on-year revenue growth, the highly profitable trading history, and the well-invested state-of-the-art factories in Cheddar.”
Steve Harris added: “Over 20 years ago I had a vision to build a company with old fashioned values and integrity. To build a company that offered only the highest standards of workmanship and quality of products and deliver a customer service that is unheard of in our industry. Together with a superb team of likeminded people, many of whom have become members of the Majestic family and have worked together for well over a decade I believe we have achieved that goal. It has been a very hard decision to retire and I will certainly miss all the amazing team but I believe the time is now right for me pass over the leadership of the company to a new team to take Majestic to the next level.
“RDCP operate with the same family values and principles and I know the company is in safe hands for the future. Finally, I would like to thank all our suppliers who have been amazing and our wonderful customers without who none of this would have been possible.”
Jim Martin, group managing director at Majestic said: “For over 20 years, we have been serving Somerset homeowners with our outstanding service and building our reputation as the best in the business. We’re proud of the success we have achieved to date which has been achieved thanks to our high standards and excellent workforce. Steve has created a business that everyone at Majestic is proud to be part of and we’re looking forward to further growth.”