Business with Kirkcaldy base completes management buy out
A business with a base in Kirkcaldy has completed a management buy out.
Bell Group the UK’s largest commercial decorating contractor, is now under new stewardship - and plans to continue to diversify and improve its operations.
The buy out was completed with the support of a seven-figure loan from HSBC UK.
It has its headquarters in Airdrie, with a branch at Merchant House on the town’s Mitchelston Industrial. Estate.
Bell group also operates in Glasgow, Edinburgh, Inverness, Dumfries, Elgin, and Aberdeen.
In total it has 31 bases across the UK and employs over 1600 people.
Craig Bell, chief executive and major shareholder, said: “We have seen a real step change in the work we’ve completed over the last six months and we’re very excited about the future.
“The pandemic understandably slowed our growth over the last year, but our forecasts for this year are very strong. As new owners we’re excited to continue to build on the legacy of our predecessors.”