Saveker offered former family firm
Dani Saveker, the former chief executive of engineering group Savekers, has revealed to Insider that she was recently offered the opportunity to buy the business back. She said that she would now "continue to monitor" the Birmingham company's progress and would not rule out a deal in the future.
Savekers, which has been trading for over a hundred years, slipped into administration in March 2009.
It was bought in June of that year by engineering group WTTR, and now makes architectural metalwork and shop fittings. The firm’s workforce has slumped from 60 before it entered administration to just 20 today.
Dani Saveker said: "I took a call from the owners of Savekers a few months ago asking me if I would consider buying the business back from them. I said no, but I’m continuing to monitor its progress and won’t rule out a move in the future."
Saveker said that she is wary of entering into any agreement to buy back her former family-owned firm because she has seen similar deals go wrong in the past.
"A lot of people who go in for mergers and acquisitions aren’t looking at the process the right way," she said. "Greed can come into it. I listened to what the owners of Savekers had to say to me, but at the moment an acquisition isn’t a sustainable route for me."
"There’s so much uncertainty out there, that even when you’re putting together a business plan, it’s very difficult to believe in it entirely, as things are changing at such speed. There are no constants in business at the moment, and if you’re not careful things can get out of control."
After Savekers was taken over in 2009, Dani Saveker worked for a year as a business consultant, before setting up maintenance business Jeeves Services last year. In the summer of last year she joined branding company Principle Group, and is now the managing director of its Principle Graphics arm.
