A Purchase Of Principal

Lagercrantz has acquired Principal Doorsets Limited which manufactures specialised, customised and certified fire-resistant doors.

Typical end-customers are healthcare establishments, educational facilities and high-end residential apartment buildings, with a focus. The company focuses its business in the South and South-West of the UK.

Principal Doorsets is based in Barnstaple in Devon. It has an annual turnover of £9m.

 

TecSec

“Principal Doorsets will further strengthen Lagercrantz' position and offering within fire safety, a focus area within the TecSec division. The business has shown good growth and profitability and we look forward to continued development as a stand-alone profit centre within the division”, says Martin Sirvell, head of division TecSec within Lagercrantz.

“It is exciting to welcome another high quality, niche, market player to Lagercrantz UK. Principal Doorsets will add to our existing expertise within the broader fire safety space alongside Door and Joinery, Fireco and Supply Plus.”

 

Continuation

Rob Llewellyn, co-founder and MD of Principal Doorsets, says: "It feels safe to partner with a long-term and stable owner who can support our continued development. I very much look forward to continuing as MD of Principal Doorsets under Lagercrantz’ ownership.”

Co-founders, Stan Bond and Rob Llewellyn, will continue to lead Principal Doorsets within the Lagercrantz Group. Principal Doorsets will be part of the TecSec division as of July 2024. The acquisition is expected to generate a marginally positive contribution to Lagercrantz Group's earnings per share on an annual basis.

 

Picture: The team at Principal Doorsets.

www.principaldoorsets.com

Article written by Cathryn Ellis
25th July 2024

Share

Related Tags

Related Articles

Big Fine For Scouse Scaffolding Scoundrels

Workers scrambled up the rungs of an unsafe scaffold to work at a block of flats in Merseyside. Now AIM Access Solutions has been fined £30,000 for...

 Read Full Article
Calm Down, Calm Down Plea From Liverpool Property Bribery Suspects

12 people have been charged with offences of bribery and misconduct following an investigation into property contracts issued by Liverpool City Council....

 Read Full Article
Dust Buster – Timbercraft Windows Pays Penalty

Timbercraft Windows & Doors has been hit with a £4,000 fine after repeatedly failing to protect its workers from exposure to wood dust having...

 Read Full Article
Toxic Taxman Slammed Before Returns Season

The Public Accounts Committee has slammed HMRC on several fronts just before tax return season when tax payers are desperate for help. It has been accused...

 Read Full Article
Coastal Calling – Fine Still Outstanding

Coastal Windows & Conservatories (UK) is still being chased to pay the £40,000 fine imposed by the Information Commissioner’s Office after...

 Read Full Article
Don’t Get Hit For Someone Else’s Tax

Experts are warning that Construction Industry Scheme contractors are becoming a target for attention from the tax authorities – and those...

 Read Full Article
Tool Thieves Strike Every 12 Minutes

In the world of construction, your tools are more than just equipment, they’re the heartbeat of your business, yet a tradesperson in the UK falls...

 Read Full Article
Watch Out! Beadle’s About…Dodgy Dave Risks Lives

A builder called David Beadle has been given a suspended prison sentence after he put the lives of workers at risk when constructing a loft conversion...

 Read Full Article
Double-Glazing Crush Death Deals Director A Jail Term

The director of a Croydon-based double-glazing company has received a prison sentence following the crush death of a man who took three days to die from...

 Read Full Article
8-Year Ban For Director Of Nuisance Window Calling Company

The director of a cold-calling company that made millions of nuisance windows, conservatories and ‘window scrappage’ sales calls has been...

 Read Full Article
QR Codes – Keeping Your Installers Informed

As BM Aluminium launches the new Simply Tag traceability module for its LogiKal aluminium processing software, the company has revealed some ‘quite...

 Read Full Article
Millions Expected To Miss Self-Assessment Tax Deadline

The latest analysis by finance experts, RIFT, has shown that the number of HMRC customers likely to miss this month’s self-assessment tax deadline is...

 Read Full Article
Dust And Dirt Sees Wood Window Maker Walloped

A joinery firm in south-east London, which specialises in bespoke wooden windows, has been fined £14,000 for health and safety failings,...

 Read Full Article
From Cradle To Nearly A Grave

Two men working in a cradle on a London residential tower, with a front elevation being constructed with windows and sliding doors, have cheated an early...

 Read Full Article