20% growth at Cutwel

Cutwel has enjoyed significant growth in its cutting-tool business since the firm’s management buyout (MBO) in May 2018, when existing owners Paul and Mary Hawksworth decided to retire.

Managers Adam Gillard, Graham Short and Shaunie Mangham undertook the MBO with the backing of Leeds-based private equity firm NorthEdge, and have overseen a 20% rise in turnover, with total revenue increasing from £15.6m to £18.73m. In addition, over the past year, headcount has increased from 52 to over 80.
For further information www.cutwel.co.uk

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