Peter Cook eyeing acquisitions
Furniture components company Peter Cook International is looking to further its expansion through acquisition. The company is in advanced negotiation with two organisations in the Midlands operating in the furniture sector.
"Since taking over the business six years ago, we have very steadily turned it around and have seen sustained growth of between 20 per cent and 30 per cent year-on-year for the past three years," said Peter Cook managing director Carl Pickup.
Pre-tax profits for the year to 31 October 2011 were £250,000 on the back of £2.8m turnover.
The company, which employs 21 staff at its operations in Long Eaton, near Nottingham, and Leeds, is hoping to double turnover in the next two years, Pickup added.
"In addition to extending our product range, proactively seeking new markets and investing in additional sales and marketing resources, we are in search of companies with strategic fit who would benefit from our management expertise," he said.
Pickup and his father Michael bought the business out of administration from its former owners in 2005. At its peak, the former Oxford-based company employed 80 staff, operated from 14 UK locations and had revenues of £14m.
