Expansion for signage firm
Centurion in bank and angel backed MBO
Gordon Duff: ‘natural step’
A Scottish commercial signage and graphics company has completed a management buy-out backed by an angel syndicate and bank support.
East Kilbride-based Centurion Signs (UK) supplies a range of sectors, including construction, retail, hotels and sports and leisure.
It employs 25 staff at head office, with in-house installation teams working throughout the UK. The company has enjoyed steady growth over the last eight years.
The MBO was supported by funding package provided by the SME Cashflow team at Clydesdale Bank.
Following the MBO, the business plans to invest in new technologies and equipment, as well as expanding its team with new jobs earmarked in the design, digital and social media, digital marketing and customer service teams.
Gordon Duff, commercial director at Centurion Signs (UK), led the MBO. He said: “The MBO is a natural next step for our business, enabling us to embrace next generation digital technologies. Our planned investment programme will expand the creative side of our business.
“I am particularly excited about expanding our engineering and fabrication capabilities, which allow us to compete for larger, more complex work whilst also improving our turnaround times and reducing costs. We can now manufacture on a grander scale and in a wider range of materials.”
Mark Young, director, SME Cashflow Finance, at Clydesdale Bank, said: “It is fantastic to be able to assist such a well-established company with the next stage of its evolution.”