National Paper Converter

Smith & McLaurin (SMCL) was acquired from the administrator in 2002 by Ian Mackay, the late founder of Symphony.   In the first year of trading  post acquisition the Symphony appointed team returned a profit of £400k on a restructured turnover of £12 million. 

In 2006 a secondary buyout was undertaken to allow the turnaround team to participate in the potential capital gains associated with share ownership.  Symphony personnel were lead corporate finance advisers on the transaction.

In the last three years SMCL has returned  steadily increased profits, now exceeding £1.2m, on turnover in excess of £23million, despite the much publicised challenges of increasing raw materials and power costs in the Printing, Paper and Packaging Industry. 

Symphony retained both the Chairmanship and a non-executive role  throughout  the turnaround and growth phases of the business recovery and supported the management team in:

Symphony executives continue to own a minority stake in the business and remain strategic advisers to it.

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Commercial Microbiology Limited  was an owner managed testing laboratory, servicing both the oil & gas and also the food sectors.  It had been established for more than 20 years when it was introduced to Symphony.  At that time turnover was stagnating and profitability was in decline.

The principal shareholder requested that Symphony  personnel take on the role of Managing Director and during the next four years the business was transformed:

By the time the business was sold to a global trade player at the end of four years, sales had increased more than 200% and profit had increased from minus 2% to more than 28%.

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Manufacturer of Laboratory Smoke Cabinets

Premier Laboratory Systems Limited  is a manufacturer of fume cupboards for educational  and commercial laboratories.  The Company was incurring losses in excess of £300,000 on turnover of close to £3million per annum when it approached Symphony.

Symphony accepted the roles of part-time executive Chairman and part-time Finance Director.  Over the coming years  they helped the Managing Director restore profitability to the business by :

In 2010 Symphony led the sale of the business to a leading Spanish group in the same sector, Mobilab Projectos SL, ensuring continuity of employment for the management team and staff and a 10-times money  return for investors .

Symphony continue to provide on going financial support to the business.

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Marketing Agency

Frame is an owner managed marketing communication business established in 1989. Following the death of the founding partner in 2008 and the loss of several key accounts, turnover fell dramatically from a peak of £7m to less than £2m.

Symphony were engaged to support a realignment of the executive team and support a MBO.

A Symphony Director was appointed to the position of interim Finance Director where his role was to:

Today, Frame has doubled its turnover, employs 30 people and has returned to profitability. The company continues to grow its client base, which include several FTSE-100 listed companies.

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