Dawson Group is to go public
20th October 1988, Page 13
20th October 1988
Page 13
Page 13, 20th October 1988
— Dawson Group is to go public
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• A full stock market flotation within a year is the goal of Peter Dawson, whose personally-owned Dawson Group transport operation has loans of 20 million and a shareholder capital of ,E15 Based in Milton Keynes, it claims to be the biggest Volvo heavy truck distributor in Europe, but .its chief business is truck and trailer rental, with a fleet of 1,900 vehicles.
Loans of £30 million weigh heavily on one man and Dawson believes the company's growth (turnover has increased from 23.4 million to £46.1 million over the last year) is "being held back by its present structure.
We are expanding so fast it is time to take the company into its next phase," says Dawson. "It needs a wider shareholding, and I need to restructure my own business."