£14 million investment
Victorian Sliders has received £14 million in investment by Business Growth Fund (BGF) for a 31% share in the south Wales firm.
Founded 16 years ago by CEO Scot Starkey, Victorian Sliders extrudes its own profile, and makes its own glass units and hardware, to manufacture thousands of ECOSlide sash windows each week. Turnover is expected to be more than £30 million this year.
The investment from BGF will enable the company to double production capacity and further invest in its recycling plant, as well as create dozens of new jobs.
Scot Starkey said: “We’re delighted to have secured this investment from BGF, while also benefiting from BGF’s unparalleled business expertise. This investment will enable us to grow faster, support our customers even better and expand our existing team of highly skilled and dedicated employees.
Edwin Davies, investor at BGF who has joined the board, said: “It’s a great time to work with an ambitious business such as Victorian Sliders. The company has an impressive product range and some very exciting growth plans, which we are looking forward to helping them deliver.
“We’re particularly excited about investing in a Welsh manufacturing business, as the country is home to many of the UK’s most ambitious companies. Through the provision of equity investment and our board support, we’re sure Victorian Sliders is destined for an exciting future.”
Mark Huxtable also joins the board at completion as non-executive chair. Mark has significant experience in manufacturing through his 30-year career at Nuaire.