news
lifting gear firmpauljoins
theteam getsnewowner
Lloyds TSB Corporate Markets
Lifting gear specialists Certex UK for the same period and the number ofhas appointed Paul Williams as a
based at the Caerphilly Business employees across all branches risingrelationshipdirectorwithinthe
Park,Caerphilly, has become part from 154 to 185.24-strongSouthWales and
ofworldwide and privately-owned Pat Nelmes, manager of theSevernside team.
Axel Johnson International. Caerphilly branch, the sale willPaul will be responsible for
Certex’s three owner-directors, improve service at a local level bybusiness development, along with
who acquired Certex UK from Bridon allowing Certex UK to source newraising awareness of the bank's full
International in 2005 as the result of a products and suppliers usingrange of flexible funding solutions
management buyout, agreed to sell Forankra’s increased purchasingto support customers across South
Certex UK for an undisclosed sum to power.Wales.
Forankra InternationalAB, a Swedish “We will also benefit fromThe Lloyds TSB Corporate
subsidiary ofAxel Johnson integrated IT systems giving stockMarkets team has celebrated a
International and a market leader in visibility across Europe and will havenumber of high profile deals over
the supply of lifting and lashing access to funding to accelerate Certexthe last few months including the
equipment across Europe. The UK’s acquisition strategy,” she said.management buyout of Glamalco
Caerphilly branch is one of 15 UK Another advantage will be Certex’sLtd, the £15.5m structured financing
regional distribution centres included increased international offshoreof IQE Systems and a £113m term
in the sale. presence that will undoubtedlyloan for RCT Homes.
The purchase is being seen as an increase the company’s market shareJason Evans, director and Head
invaluable growth opportunity for all of the UK Offshore market.of Corporate Markets, South Wales
Certex branches allowing the Certex UK managing director,said:“Paul’s appointment reinforces
company to build on its success since Tony Stringer, said: “WhenAxelour continued commitment to the
the three current owners Tony Stringer Johnson first approached us last yearSouth Wales market.”
(MD), Charles Gillespie (sales and it was not part of our business plan to
marketing) and Kevin Smith seek a purchaser but it soon became
(operations) bought the company apparent we could benefit from the
three years ago. Under their commercial strength of joining such a
leadership, Certex’s annual turnover prestigious international group withoutexam
has grown from £12.5m to in excess losing out on any of the autonomy and
of £18m with a related profit increase customer service we enjoy.”success
Purnells now has five and two
thirds qualified insolvency
practitionersworkingoutoftheir
offices in Newport and Cornwall
as well as a dedicated support
team.
Chris Parkman qualified as an
insolvency practitioner recently.
LisaAlford has also passed two
out of the three examinations that
she sat.
Ray Purnell said: “The Joint
Insolvency Examination Board
exams are notoriously difficult to
pass. The exams are sat in the
main by individuals who are already
qualified accountants or solicitors. I
wish every future success to Chris
and Lisa.”
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