Client: MGL
Date: 15th November 2010
MGL Undergoes Management Buy Out
The Liverpool based education company MGL has undergone a management buy out (MB0) led by Operations Director Carl Gilbertson.
A 5% increase in sales has delivered a turnover of just under £5m for the year ending October 2010. The buy out sees Chief Executive and founder John Mann stepping down and the appointment of Phillip Ramsey as a director of the company. John will continue to provide continuity for the next few months.
MGL was established in 1999 and is one of the region’s success stories employing over 100 staff from its premises on Edge Lane and supporting some 600 schools across the North West. The company specialises in providing assistance to schools in areas such as technology, management information systems, curriculum services, consultancy support and professional development for school leaders, providing support for CCTV, Insurance and most other aspects of school life. Included in MGL’s portfolio is the outsourcing of school ICT Support which embraces schools such as Notre Dame Catholic College for the Arts and Chesterfield High School, Crosby.
Carl Gilbertson said: “MGL has an established reputation in education services and is at an exciting stage of growth and development. We are looking forward to growing the business further and strengthening our position as a national provider of education services. In the current economic climate we are acutely aware of the need to offer schools added value and service to help them provide their pupils with the very best education.”
He continued, “Growth over the last year can be attributed to our increasing number of partnerships with organisations such as Apple and in part to the introduction of the MGL Academy which provides schools with access to professional, creative practitioners in subjects including digital music, drama and journalism.”
The MGL management team expects to double turnover over the next four years and create a further 50 new jobs over the same period.
Ends
Notes to Editors
- MGL (Mersey Grid Limited) was founded in Liverpool in 1999 and since then has been based in the city growing to a turnover of just under £5 million with staff of just under 100
- The deal for the management buy-out was funded from private sources
- Adviser to John Mann was Paul Ellaby at Hill Dickinson in Manchester
- Adviser to Carl Gilbertson and Phillip Ramsey was Gareth McIntegart at DWF in Liverpool
- MGL’s customers includes primary and secondary schools across Merseyside and the wider Northwest
