Partner Article

80 jobs saved at school uniform supplier Rawcliffes after MBO

80 jobs have been saved after management at a school uniform supplier, which primarily trades in Yorkshire under the Rawcliffes brand, agreed to buy 27 outlets with backing from lender Reward Capital.

Leeds-based Reward stepped in to support the management buyout after the appointment of administrators to John Cheatle Limited and John Cheatle (Midlands) Limited.

The MBO team, trading as Newplan Solutions, has taken on 12 branches and 15 in-school shops.

A number of the high street branches operate as Rawcliffes stores in locations including Bradford, Leeds and Stockton-On-Tees.

Dave Jones, partner at Reward Capital, said: “This deal marks an exciting new chapter for Newplan Solutions and Reward is looking forward to working with the management team to help the business prosper.

“The Rawcliffes name in Yorkshire is one loved by thousands of customers and we are delighted this transaction takes the business forward whilst preserving around 80 jobs.”

Martin Heatlie, director at Newplan Solutions, added: “Reward’s backing ensures that we will continue to provide a quality service via a business that is at the heart of the communities we serve.

“This deal secures the future of the business and enables it to continue to provide schools, parents and pupils with top quality school uniforms.”

This was posted in Bdaily's Members' News section by Clare Burnett .