Four directors complete management buy-in at SLM Group


SLM Group has introduced that 4 administrators have efficiently accomplished a administration buy-in.

Mark Phillips, who turned managing director in 2019, Gus Wakeford, Jason Barlow and Will Woods accomplished the buy-in earlier this yr.

In an announcement it mentioned: “Alongside present household shareholders, the Board of Administrators goal to safe the experience of the present administration group and foster confidence among the many 274 workers they at present make use of throughout East Anglia, Kent and East Sussex.

“This transition, which has been in progress for over three years, was delayed partly as a result of challenges posed by the 2020 international pandemic.

“Nevertheless, it remained a shared imaginative and prescient of Brian Wakeford, one of many authentic founders with John Wakeford, in addition to the late Ian Wakeford to make sure the continued future success of the corporate.”

“I’m thrilled about this new chapter,” mentioned Phillips. We stay dedicated to delivering distinctive service to our prospects, offering employment stability, and producing progress alternatives for each workers and shareholders.”

The group has been increasing. In 2017, it purchased Dingles Motor Group based mostly in East Anglia, strengthening its relationship with Toyota. This yr it took on Suzuki in Tunbridge Wells and GWM Ora in Norwich. SML Group is rated 116 within the Motor Dealer Prime 200 with annual turnover of £105.9m.

Pictured (l to r) are Mark Phillips, Will Woods, Jason Barlow, Gus Wakeford


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