Vision CCTV announces management buy in deal
30 August 2007
Vision CCTV Ltd, based in Sheffield has announced a management buy in deal worth £400,000, with funding from Alliance & Leicester Commercial Bank’s South Yorkshire Business Centre.
The new owner is local entrepreneur Tim Ralston who intends to build on the businesses success and capitalise on the growing demand for electronic security
Tim Ralston, the new Managing Director of Vision CCTV said: “The electronic security industry has developed significantly over the years, the technology has progressed and demand has increased as businesses become increasingly security conscious.”
Over the years, Vision CCTV has built up an excellent reputation in the industry and is renowned for its quality products and service, offering a full range of systems and services covering all aspects of electronic security. Vision CCTV currently employs nine full time staff and will be looking to increase that figure as the business grows.
Peter Davidson, of Vision CCTV will be working closely with the new Managing Director, sharing his extensive knowledge of the industry and playing an important role in the ongoing management of the day to day running of the business.
Tim Ralston continues: “We have secured a number of new contracts and will be looking to expand the business over the next few years. I am delighted to be investing in the future of Vision CCTV and look forward to working with Peter and the team to drive the business forward.”
Andy Cocker, Head of Alliance & Leicester Commercial Bank’s South Yorkshire Business Centre said: “Tim’s previous business experience combined with the knowledge and expertise of the existing team at Vision CCTV will help to develop and expand the business, furthering its potential, creating new job opportunities and ensuring the continued success of the business for many years to come.”
The deal was introduced to Alliance & Leicester Commercial Bank and the South Yorkshire Investment Fund by Hart Shaw Accountants in Sheffield.
