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Managing Director Trevor Gillman, who first joined David Bailey as a surveyor in 1990 and soon oversaw an expansion in the company’s healthcare offering, has now completed a management buyout with the support of Lloyds Bank Commercial Banking.
Trevor plans to develop partnerships with other likeminded businesses to build upon the company’s already comprehensive range of expertise and offer an enhanced selection of services, ensuring it stays ahead of market trends.
Trevor said: “Lloyds Bank has made my idea to buyout the management of the company a reality and I couldn’t be happier with the result.
“The team at Lloyds made it clear from the outset that they believed in me and my plans for the future of the business and they gave me fantastic advice.
“Now I have more control to pursue my plans for the business and expand the range of products we deliver.”
Paul Green, senior relationship manager at Lloyds Bank Commercial Banking, said: “We were impressed by Trevor’s ambition – he’s got an entrepreneurial mind and a great eye for how to improve things.
“Supporting this management buyout gives him the autonomy to develop new partnerships and services and we were more than happy to help him transform his role in the business.”
David Bailey Furniture (formerly David Bailey Kitchens) was incorporated in 1982 and manufactured domestic kitchens for the local Kent market.
Canterbury Hospital was the first healthcare client to approach David Bailey in 1990 with a requirement for furniture for its new Pfizer Ltd sponsored building.
The company capitalised on this first step into the healthcare market the following year, securing a £200,000 order from Guys Hospital.
In 1993, David Bailey changed focus to embrace this new market, rebranding as David Bailey Furniture Systems Ltd.
The next five years saw a period of rapid growth, marked by the completion of major contracts at Kingston Hospital, Pfizer Ltd, Ashford Hospital in Middlesex , Birmingham Children’s Hospital and Bristol Children’s Hospital
By 2000 David Bailey Furniture had completed the first PFI contract at Darent Valley Hospital for Carillion PLC, the resulting business relationship culminated in the £1.8million order at Southmead Hospital, Bristol, cementing their position in the healthcare furniture industry.
The management buyout is a strong positive step for the future, allowing Trevor to develop the company’s offerings and drive it forward.