Rochdale News | Business News | A&F Sprinklers Becomes Employee Property
Date published: June 15, 2022
From left to right: Lesley Stansfield (Director), Mark Stansfield (General Manager), Stephen Newman (Lawyer-Ramsdens), Tariq Javaid (Azets), Karen Sadler (Azets), Duncan Parker (CFO), Dan Clayton (Director of human resources), Nathan O’Connor (director of service operations)
A&F Sprinklers, the Rochdale-based sprinkler company, has become an employee-owned business.
With a turnover of £30 million, it was bought in October 2005 by Mark and Lesley Stansfield.
They transfer 80% of the shares to an employee-owned trust (EOT) for the benefit of the employees.
Mark Stansfield will remain as managing director.
Based in Rochdale, the team of 82 office staff and 61 field staff provide a nationwide response service 24 hours a day, 7 days a week, 365 days a year.
Mark Stansfield, Managing Director of A&F Sprinklers, said: “It is a very proud moment to be able to hand over ownership of A&F Sprinklers. The transfer of ownership into the hands of our team ensures the continuity of our culture and values, which was one of the most important factors. to us in considering any next chapter for the company.
“We strongly believe that this next chapter as an employee-owned company is only a reward for the hard work and talent of our brilliant team. To become an employee-owned company is to maintain and grow our unique culture Creating a great place to work is fundamental to our business principles, and we’re excited about the next step in A&F Sprinklers’ journey.
“We received tremendous support from the Azets and Ramsdens teams who helped us navigate and negotiate the transaction.”
A&F Sprinklers was advised by Tariq Javaid & Karen Sadler at Azets. Stephen Newman of Ramsdens provided legal advice.
Tariq Javaid, Corporate Finance Partner at Azets in Yorkshire, said: “A&F Sprinklers is an exceptionally well-suited company for employee ownership, being an organization with a strong culture, firmly established values and an emphasis on the quality of its staff.
“It has been a privilege to work with Mark, Lesley and the team to help them through this transition, and I am confident that A&F Sprinklers has a bright future as an employee-owned company.”
A&F Sprinklers specialize in the design, supply, installation and maintenance of automatic sprinkler systems.
A&F Sprinklers supplies leading retailers, commercial and residential sectors, as well as the distribution and construction industries. Clients include Dunelm, Hotel Chocolat, Next, Sainsbury’s and Waitrose.