Home / Knowledge / News / Apparel/Garments / Clothing specialist Howfleet says thanks to Harvey Ingram for their sound
Clothing specialist Howfleet says thanks to Harvey Ingram for their sound
23
Jul '09
Howfleet, a business which supplies specialist cloth and clothing for industrial, military, police and emergency service use, has been bought by its management. The corporate finance team at Grant Thornton in Leicester advised on the deal, with legal advice from Harvey Ingram.

Based at Market Harborough in Leicestershire, Howfleet was established in the early 1990s to source cleanroom clothing from China. It has grown steadily, broadening out into a variety of advanced performance garments and cloths plus the design of clothing for a wide range of technologically-demanding markets. Its partner factories are now located in India and the Middle and Far East.

The fabrics and garments Howfleet works with have advanced material features which include being breathable, anti-microbial, anti-odour, moisture management and contamination prevention.

The management buy-out team includes financial director Annette Little and operations director Kevin Randle. The business employs 10 people in Harborough, with the products designed in the UK. The founder Doug Gill, who lives near Harborough, and his family sold the business to the management team as part of a natural process of succession.

Kevin Randle said the business was immediately looking to expand, with three new business development jobs to be created in the next few months. He added: "We are looking to grow further in the UK and slowly into Europe. We have a plan in place to expand the business into new product sectors, including fashion."

Kevin added: "We have never really gone out to aggressively promote the business, thanks to organic growth. Now we will look at how we can significantly grow in a strategic way, and we have a great business with great people and are bringing in the relevant expertise to enable us to do that."

Ivan Trevor, senior manager at Grant Thornton in Leicester, led the corporate finance advice, assisted by James Coultas. Ivan said: "We are pleased to have helped the new team at Howfleet, which is an excellent business with the ambition to grow and develop for an even more successful future."

Harvey Ingram partner and corporate finance specialist John Stobart provided legal advice. John said: "We were delighted to be able to work with this established client on a deal which develops their business. We were able to overcome some technical hurdles and despite the current economic situation it was completed relatively quickly. Howfleet is an extremely well run business in a sector with which we have strong connections. It is part of the specialist design and clothing sector and has enormous potential. We are looking forward to assisting it to grow."

Kevin Randle praised the advisers who worked on the MBO: "Our thanks go to Grant Thornton and to Harvey Ingram for their sound and practical advice which enabled us to complete an excellent deal for all parties."

Harvey Ingram LLP


Must ReadView All

Courtesy: Fashion Revolution/Fashion Transparency Index

Apparel/Garments | On 23rd Apr 2018

Transparency helps in swiftly alerting brands

Disclosing key supplier, supply chain and operational information...

Japan’s clothing imports up 4% in fiscal 2017

Apparel/Garments | On 23rd Apr 2018

Japan’s clothing imports up 4% in fiscal 2017

Japan’s imports of clothing and accessories increased by 4 per cent...

Courtesy: Fashion Revolution/Fashion Transparency Index

Fashion | On 23rd Apr 2018

Top global fashion brands now more transparent

Fashion Revolution’s Fashion Transparency Index 2018 reveals Adidas...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search