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Stevenswood

Stevenswood is one of Scotland’s largest manufacturers of PVCu and aluminium windows, doors and conservatories.

Its initial focus was on the instillation of windows and doors, and today the £11 million turnover business manufactures more than 1,000 windows and doors per week.

It currently sells its bespoke manufactured products through its trade counters in Edinburgh, Glasgow, Aberdeen, Kilmarnock, Dundee and at its headquarters in Livingston. It was the first company in Scotland to offer 70mm fully sculptured frames that are now the industry standard.

BGF invested a minority stake in February 2015 as part of Stevenswood’s expansion plans. It has more than doubled its number counters since then and recorded a 23% rise in sales in the last year. Since BGF’s investment, and as of May 2016, the business has added 60 staff, taking its total headcount up to 158. BGF sold its stake in November 2016.

stevenswood

Private equity impact

  • £3.5 MILLION GROWTH INVESTMENT FROM BUSINESS GROWTH FUND

  • INCREASED NUMBER OF COUNTERS FROM FIVE TO 15

  • REVENUES ROSE FROM £10 MILLION IN 2013/14 TO £18 MILLION IN 2015/16

  • DEVELOPMENT OF NEW PRODUCT RANGES SUCH AS DECKING, ROOFING FOR CONSERVATORIES AND UNDERGROUND PIPING

  • APPOINTMENT OF NEW CHAIRMAN AND FINANCE DIRECTOR

Achievements

WINNER - BVCA MANAGEMENT TEAM AWARDS 2016

  • MID-MARKET TEAM OF THE YEAR (JOINT WINNER) - SCOTLAND



Location
Livingston

Backers
BGF: 2015 - 2016


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