A group of directors at Bond Bryan, one of the largest practices in the North of England, have pulled off a 75 per cent management buyout of the company.
The quartet of ‘long-term directors’ have agreed to take shared ownership of the 150-strong practice along with its founders Jon Bond and John Bryan.
Last year the Sheffield-based educational specialist was ranked as the 55th-largest architectural company in the AJ100 rankings, making it the third biggest in the North of England.
The four directors, all of whom have at least 10 years of experience with Bond Bryan are: Kevin Grayson, Geoff Halliwell, Jonathan Herbert and John Lee.
Grayson said: ‘Bond Bryan has expanded rapidly in recent years and the founders acknowledged the management buyout team’s part in this success, turning down various offers from other firms to buy [the practice] outright, and encouraging the existing management team to build succession to share in the future direction of the practice.
‘[The move] is the latest, exciting step in a development plan that has already seen the establishment of a separate building surveying company and a new office in the South East.“
The company’s is expected to turn over more than £11 million this year.