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12
Oct 2020
Harrogate medical supplies company completes buyout
The final stage of a management buyout of a Harrogate medical supplies company has been completed.
Beaucare Medical, which employs 68 staff, supplies medical, nursing and hygiene equipment, including PPE, to the care sector.
Managing director Heather Mawrey and commercial finance director Joe Storr, have now bought the remaining shares in the business from original owner Jonathan Brown.
The pair bought into the business in 2017 when Mr Brown sold his controlling stake. They have now bought his remaining 45% of shares.
The company, which began life in 1992 in Mr Brown's garage, now has an annual turnover of almost £12 million.
Ms Mawrey, who has worked for the company for 15 years, said:
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The company, which was advised on the buyout by Harrogate law firm LCF Law, has experienced a surge in demand for PPE and other medical supplies during the pandemic.
The buyout was funded by the Santander Santander Corporate & Commercial, which funded the initial £3 million buyout in 2017.
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