Barons Furniture
Lytham
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Summary
In June 2023, Lytham based specialist contract furniture manufacturing business Barons underwent a seven-figure management buyout, led by Managing Director Garry Smith, with investment from River Capital and Arbuthnot.
The transaction followed a period of strong growth, and was the first investment from the £10m North West Private Equity Fund.
Alongside Garry Smith, the board was bolstered by the introduction of two experienced Non Executive Directors, Gary Lasham and David Meltham, both of whom have a wealth of experience in the industry and growth businesses.
Since the investment, Barons has seen significant development with revenue growth exceeding expectations, a newly built showroom, an increase in staff to 65 FTE and a hands-on management team.
“As a Non-Executive Director joining Barons Furniture after River Capital’s investment, I’ve witnessed a remarkable transformation over the past year. River Capital saw the potential in Barons, providing not just capital, but strategic guidance to realise the ambitious growth goals.”
Gary Lasham, Chair Barons Contract Furniture
