Sheffix

A long-serving employee has acquired Sheffield ironmongery business Sheffix via a management buy-out backed by a £300,000 loan from NPIF II – Mercia Debt Finance.

Summary of transaction details:

• Value: £300,000
• Sector: Industrials & Energy
• Advisor: Custom Business Finance
• Key Entities: Sheffix, Brad Wheeler, NPIF II – Mercia Debt Finance
• Location: Sheffield, UK

Note: This transaction enables succession for the founding owners and allows a 20-year veteran of the company to execute ambitious expansion plans into the national trade market.