North West timber supplier with £10m turnover undergoes MBO

A £10m-turnover timber supplier with four depots across the North West has undergone a multi-million pound management buyout (MBO) by one of its directors.

North West Timber Treatments Ltd has been acquired by Roger Mayor, who bought out his brothers and fellow directors Andrew, Henry and Robert Mayor.

Headquartered in Ashton-in-Makerfield and with additional sites in Walkden, St Helens and Skelmersdale, the firm provides timber supplies, sheet materials and building products, in addition to garden products such as sheds, playhouses, decking and fencing.

North West Timber Treatments was founded in 1986 has employs a 76-strong team on sales of £9.74m.

Accountancy and business advisory firm Moore and Smalley’s corporate finance team advised Roger on the deal, providing support with fundraising, tax planning and deal management.

North West Timber Treatments’ Roger Mayor, said: “This was a particularly complex deal made to run smoothly by having the right calibre of professionals around me.

“I am looking forward to building on my existing business and when it comes to future expansion I know that I have the right people in house and externally to help me.”

Moore and Smalley partner Damian Walmsley commented: “This deal has allowed three of the owners to exit the family firm and realise value from a business that has been built up over 30 years. Meanwhile, Roger can continue investing in and growing the business for the future.”

The Moore and Smalley team comprised corporate partner Damian Walmsley, senior tax planning manager Michelle Taylor and corporate finance senior manager Paul Bennett.

Yorkshire Bank provided funding for the MBO, while Forbes Solicitors provided legal advice.

Yorkshire Bank commercial relationship manager Andrew Gleave said: “We were delighted to assist Roger and provide funding for this transaction through our SME growth initiatives.

“The growth and prosperity of regional economies is critical to the success of the UK economy and we look forward to working with Roger as he continues to build and develop the business.”

Forbes’ head of corporate and restructuring, partner Pauline Rigby, said of the MBO: “This is a fantastic opportunity for all parties involved who all exit the deal with a different strategy.

“I wish Roger all the best and hope to see NWTT go from strength to strength.”

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