Funding growth and expansion plans, including export sales and product development
Shower tray and accessories, JT has received a multi-million pound investment from Maven Capital Partners to support the company’s growth and expansion strategy. It will allow JT to increase export sales and to invest in product design.
The company, led by managing director Paul Crossley, recently celebrated its 25th anniversary and it now manufactures 5,000 units per week from its plant in Leeds. According to JT, it supplies 25%of the UK shower tray market.
Paul Crossley commented on the investment: “The timing was right for everyone concerned for JT to find a new financial associate to back us on the next stage of our growth strategy, as we look at additional routes to market, overseas expansion and bolt-on acquisitions.
“We are delighted to have found a financial partner in Maven who understood our ambitions and are supportive of UK manufacturing businesses. The Maven team is local and it was important that we found an investment associate who was accessible and had experience of helping growth businesses.”
Investment director at Maven, Ryan Bevington added: “It is a credit to the JT management team that the business has remained profitable and cash generative throughout the market slowdown and we believe it is now well placed to capitalise on its position as the UK’s leading shower tray brand. The management team led by Paul Crossley are excited about the future and we look forward to helping them achieve their goals.”