Buyout saves Kent branch of failed roofing contractor

Published:  23 June, 2011

CANTERBURY: Managers at the Canterbury, Kent branch of roofing contractor Donaldson and McConnell staged a management buyout after the parent company collapsed into administration earlier this month.

Donaldson and McConnell went down with the loss of 102 jobs just six months after expanding into Kent. The operation in Hersden near Canterbury has been renamed Harmony Timber Solutions saving twelve jobs.

Manager Norman Gore told the BBC: "It was very seat-of-the-pants. We had a few sleepless nights but things are beginning to settle down now.

"We weren't aware of any problems and then suddenly we were advised that the parent company went into administration."

Buyout expert Campbell McDonald of Baxi Partnership said: "All the evidence suggests that if you have a stake in your own organisation then your motivation to make that organisation a success just sky-rockets."

Donaldson and McConnell employed 114 people at sites in Grangemouth in Scotland; Craigavon in Northern Ireland; West Bromwich in the West Midlands and Canterbury in Kent.

The group, which was formed in 1991, specialised in the design, supply and erection of complex timber and glue-laminated roof structures.

Sign Up

For the Builders' Merchants News enewsletter.

In the spotlight


Builders Merchants Vacancies – UK Wide

At Arco, we are an industry specific recruitment consultancy, providing sales and managerial staff Nationwide to Merchants, Distributors and Manufacturers of Building Materials within the Construction Sales Sector. Priding ourselves on our unparalleled customer service and hard work, we offer a fresh, innovative and personal approach to recruitment specifically designed to meet our clients’ needs and candidates’ skills.

Guest Blog by Simon Damp

Is DIY a lost art?

As time goes by, the art of do-it-yourself when it comes to activities around the home and garden is fast becoming more and more of a lost art.