Management Buy-Out Drives Expansion for Deckrite

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Development Bank of Wales , 12th July 2023

Lampeter based Deckrite is expanding its range of services to homeowners following a management buy-out that was part-funded by a six figure loan from the Development Bank of Wales.

As a family owned business, Deckrite was first established by John Thomas and his son Barry in 2010. The company has traditionally provided high quality decking, fencing and balustrades for caravans. All products are made in the UK and are 100% recyclable.

Ashley Jones, Development Bank of Wales; Matthew Parsons, Deckrite

Matthew Parsons joined as Sales Manager in 2014 and quickly grew the customer base, helping Deckrite to become a recommended supplier for Parkdean Resorts, Haven and Bourne Leisure in Mid and South Wales. With a team of eight plus regular sub-contractors, Deckrite is now expanding in to the domestic property market with Matthew having taken over the reins from John and Barry Thomas.

John Thomas said:

“Barry and I started the business but Matthew has been an integral part of the team, increasingly taking on responsibility for running the operation along with all aspects of customer service. As I approached retirement and Barry started getting more involved with other businesses, it made sense to work with Matthew to manage our exit in a way that protects the team and the quality that our customers have come to expect from Deckrite. For us, it gives us reassurance that the business is in safe hands and has an exciting future ahead.”

Director Matthew Parsons said:

“Deckrite is a great business with an excellent team who all understand the importance of designing and installing products of the highest quality for our customers. I’m very proud to now have the opportunity to develop our services by also offering decking, fencing and balustrades for the domestic property market in Mid and South Wales.

“The funding from the Development Bank has helped us to complete the management buy-out and set us up for future growth; using our knowledge of the business and the market to realise our true potential as a team.”

Clare Sullivan is Regional Manager for the Development Bank. She worked on the deal alongside Investment Executive Ashley Jones. She commented:

“Deckrite is a well-established and respected family business that operates in a very specific market in Mid and South Wales yet there is good opportunity for growth. We’re pleased that our funding has enabled Matthew to take on the business and create a long-term sustainable future for the wider team.”

The funding for Deckrite came from the £216 million Wales Business Fund which is financed by the European Regional Development Fund and the Welsh Government. Loans, mezzanine finance, and equity investments are available with terms ranging from one to seven years for small and medium-sized businesses (those with fewer than 250 employees) based in Wales, or willing to relocate to Wales.

Mae Deckrite o Lanbedr Pont Steffan yn ehangu ei ystod o wasanaethau i berchnogion tai yn dilyn allbryniant rheolwyr a ariannwyd yn rhannol gan fenthyciad chwe ffigwr gan Fanc Datblygu Cymru.

Fel busnes sy’n eiddo i’r teulu, sefydlwyd Deckrite gyntaf gan John Thomas a’i fab Barry yn 2010. Yn draddodiadol mae’r cwmni wedi darparu decin, ffensys a balwstradau o ansawdd uchel ar gyfer carafanau. Mae'r holl gynnyrch yn cael eu gwneud yn y DU ac yn 100% ailgylchadwy.

Ymunodd Matthew Parsons fel Rheolwr Gwerthiant yn 2014 a thyfodd y sylfaen cwsmeriaid yn gyflym, gan helpu Deckrite i ddod yn gyflenwr a argymhellir ar gyfer Parkdean Resorts, Haven a Bourne Leisure yng Nghanolbarth a De Cymru. Gyda thîm o wyth ac is-gontractwyr rheolaidd, mae Deckrite bellach yn ehangu i'r farchnad eiddo domestig gyda Matthew wedi cymryd yr awenau oddi wrth John a Barry Thomas.

Dywedodd John Thomas:

“Mi ddechreuodd Barry a minnau’r busnes ond mae Matthew wedi bod yn rhan annatod o’r tîm, gan gymryd mwy a mwy o gyfrifoldeb am redeg y busnes ynghyd â phob agwedd ar wasanaeth cwsmeriaid. Wrth i mi nesáu at ymddeoliad a Barry yn dechrau ymwneud mwy â busnesau eraill, roedd yn gwneud synnwyr i weithio gyda Matthew i reoli ein hymadawiad mewn ffordd sy’n diogelu’r tîm a’r ansawdd y mae ein cwsmeriaid wedi dod i’w ddisgwyl gan Deckrite. I ni, mae’n rhoi sicrwydd inni fod y busnes mewn dwylo diogel a bod yna ddyfodol cyffrous o’n blaenau.”

Dywedodd y Cyfarwyddwr Matthew Parsons:

“Mae Deckrite yn fusnes gwych gyda thîm rhagorol sydd i gyd yn deall pwysigrwydd dylunio a gosod cynnyrch o’r ansawdd uchaf i’n cwsmeriaid. Rwy'n falch iawn o gael y cyfle nawr i ddatblygu ein gwasanaethau drwy hefyd gynnig decin, ffensys a balwstradau ar gyfer y farchnad eiddo domestig yng Nghanolbarth a De Cymru.

“Mae'r cyllid gan y Banc Datblygu wedi ein helpu i gwblhau'r pryniant gan reolwyr a'n paratoi ar gyfer twf yn y dyfodol; gan ddefnyddio ein gwybodaeth am y busnes a’r farchnad i wireddu ein gwir botensial fel tîm.”

Clare Sullivan yw Rheolwr Rhanbarthol y Banc Datblygu. Bu’n gweithio ar y fargen ochr yn ochr â’r Swyddog Buddsoddi, Ashley Jones. Dywedodd Clare:

“Mae Deckrite yn fusnes teuluol sefydledig ac uchel ei barch sy’n gweithredu mewn marchnad benodol iawn yng Nghanolbarth a De Cymru ond eto mae cyfle da i weld y busnes yn tyfu. Rydym yn falch bod ein cyllid wedi galluogi Matthew i ymgymryd â’r busnes a chreu dyfodol cynaliadwy hirdymor i’r tîm ehangach.”

Daeth y cyllid ar gyfer Deckrite o Gronfa Busnes Cymru gwerth £216 miliwn a ariennir gan Gronfa Datblygu Rhanbarthol Ewrop a Llywodraeth Cymru. Mae benthyciadau, cyllid mesanîn, a buddsoddiadau ecwiti ar gael gyda thymhorau’n amrywio o un i saith mlynedd ar gyfer busnesau bach a chanolig (y rhai sydd â llai na 250 o weithwyr) sydd wedi’u lleoli yng Nghymru, neu sy’n barod i adleoli i Gymru.