This succsesful family business is undergoing a management buyout in 2022.
Gloucestershire firm, Clarkson Evans is set to undergo a management buyout, with its existing directors becoming part owners. Clarkson Evans, is a major Gloucestershire family business that has grown to become one of the biggest electrical contractors in the UK. Founded by Steve Evans four decades ago, the Staverton-based firm has a turnover of £65 million, employs 850 staff across 21 national branches, is known for its exceptional appremticeship scheme and has wired more than 24,000 new UK homes in 2021.
Nathan Evans, Steve’s son, stepped down as managing director just before Christmas 2021 after 26 years with the business.
Lindsey Young, who ws recently appointed chief executive officer of Clarkson Evans, said: ‘Steve and Nathan will maintain shares in the business and will remain as non-executive directors.
‘The business will now be led by the remaining existing directors, who have 75 years of experience working for the firm between them.
‘We are aiming to expand the company and looking to push past a £100 million turnover.
‘Clarkson Evans will remain as ambitious and as committed to its customers, its staff and to apprenticeships as ever.’
Doug Sparrow, finance director, Chris Pike, production director, Leigh Mason, technical director and Tim Bisp, commercial director will join Lindsey Young as the new part-owners.
Steve Evans said: ‘I’m really proud of what’s been achieved in the 40 years since I started the business. Everything began from very humble beginnings in 1981 as I was basically one man in a van who was out wiring houses by day and then dealing with tenders and invoicing at home in the evenings.
‘Much has changed since then and I feel that the last 40 years have been well spent, laying the foundations and building the ethos for an established business that still has lots of potential to grow further and diversify into new areas of work.
‘At the age of 65 I believe it’s time for me to hand over the reins so I approached my fellow directors to offer them the opportunity to take a majority share in the company and I’m really pleased they’ll be taking the business forward.’
The future is looking bright for this successful busines and the new management team are very excited about the future of this award winning organisation.
