1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184 
Taygroup chairman leaves in 'smooth and planned' MBO
Page 12
If you've noticed an error in this article please click here to report it so we can fix it.
The sales and operations directors have taken control of the Bedfordshire firm following the £9m MBO, Chris Tindall reports.
BEDFORDSHIRE-BASED logistics firm Taygroup has undergone a Om management buyout (MBO) allowing its sales and operations directors to take control of the business.
Chairman Nick Taylor, who set up the business in 1991 as Taylored Lines with finance director Paul Craven, sold his investment in the business and is no longer involved in the industry.
However,the MBO team,which includes Jon Wright and Lloyd Dennaford, says he is in a supporting role for the time being. Craven remains at the company in his current position.
Dennaford has been with the business since its launch; he joined as traffic planner. Wright, now MD of Taygroup, joined in 2002. He was a graduate management trainee with Securicor Omega Logistics and then undertook a number of roles with Securicor. ranging from business analyst to warehouse operations manager.
He joined Taylor Barnard in 2000 as a project manager and was later promoted to business development manager.
A company spokeswoman says: -Nick had taken more of a hack seat for a while and he felt the time
Tolygroup tr
••■•••
ano.
011/"..151
was right for the business to be passed to the MBO team. He wanted the business to remain independent and the timing of the MBO has allowed for a smooth and planned transition against the backdrop of continuing growth and success." Wright adds: "This is a very positive step for Taygroup. It will enable us to build on our position as a leading logistics solutions provider and take the business forward to a new phase of its development."
Taygroup was created whenTaylored Lines and Bee Line Transport & Distribution merged on 1 April. It has contracts with blue-chip clients such as Tesco, Ikea, and Cereal Partners UK, and operates 300 vehicles from four UK locations, The £8.75m sale went through on 21 June.