Victorian Sliders secures £14m investment from BGF
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September 3, 2021
Welsh uPVC sash windows manufacturers Victorian Sliders have secured a £14m investment from capital growth investors BGF.
Established in 2005, Victorian Sliders is led by its founder and CEO, Scot Starkey. Scot and his team operate from a purpose-built 240,000 square foot production facility based in Carmarthenshire, South Wales.
The significant investment from BGF will enable the management team to double production capacity and further invest in its recycling plant. Victorian Sliders is expecting to deliver over £30 million turnover this year.
Scot Starkey commented: “We are delighted to have secured this investment from BGF, while also benefiting from BGF’s unparalleled business expertise. This investment will enable us to grow faster, support our customers better and expand our existing team of highly skilled and dedicated employees.
“Victorian Sliders offers an unrivalled service in the replacement of sash windows. The business has been built on a strong product offering and we have constantly invested in our facilities over the years. Today’s funding from BGF will enable us to realise our growth potential and, along with Ian Cunningham (CFO) and the rest of the management team, we are extremely excited about the future.”
Edwin Davies, Investor at BGF who has joined the board, said: “It’s a great time to work with an ambitious business such as Victorian Sliders. The company has an impressive product range and some very exciting growth plans, which we are looking forward to helping them deliver.
“We’re particularly excited about investing in a Welsh manufacturing business, as the country is home to many of the UK’s most ambitious growth economy companies. Through the provision of equity investment and our board support, we’re sure Victorian Sliders is destined for an exciting future.”
The deal was led for BGF by Edwin Davies and Hannah Waters, who worked closely with Scot Starkey (CEO) and Ian Cunningham (CFO) at Victorian Sliders, supported by the team from Lexington Corporate Finance.
Mark Huxtable also joins the board at completion as non-executive Chair. Mark has significant experience in manufacturing through his 30-year career at Nuaire.
