Flint Bishop

MBO completed at Nottingham firm CPMG Architects

Pictured: (l-r) Sara Harraway, David Glazebrook, Nick Gregory and Richard Flisher

Four directors of Nottingham based firm CPMG Architects have completed a Management Buy Out (MBO) of the practice.

David Glazebrook, Nick Gregory, Richard Flisher and Sara Harraway have acquired the business from fellow directors Jack Gant and Bill Crampin who will now retire.

CPMG based on Warser Gate in Nottingham's historic Lace Market, employs 56 people and provides quality architecture, interior designing, space planning and master planning services for clients across the UK. The firm services a variety of industries including the education, commercial, industrial, healthcare, residential, hotels and leisure, transportation and retail sectors. 

The firm is at the forefront of innovative design, embracing new ways of working in response to the changing environment and financial situation, earning a national reputation, particularly in the education and transportation sectors.

Innovative schemes that the practice has designed include Campsmount Technology College in Doncaster, the first new school building under Michael Gove's new streamlined schools procurement programme which is currently on site and an office development recently completed in Leicester for construction company Interserve which is the first commercial offices in the Midlands designed around Passiv Haus principles, dramatically reducing its energy costs.

CPMG has also completed more air traffic control towers than any other architectural practice in the UK and is currently designing towers for Birmingham and Manchester Airports.   

Amongst the major projects that the firm has been involved in locally are East Midlands Parkway Station, Bilborough Sixth Form College, Castle College, Beeston and the Adams Building conversion in the Lace Market. It is currently designing a new £2.2m centre in Beeston for WEBS Training. 

Managing director David Glazebrook has been with CPMG for 28 years and focuses on the coordination of major projects and of the practice's ISO 9001 and ISO14001 compliant management systems. Nick Gregory joined CPMG in 1995 following a successful career as an architectural designer in London and has a first class portfolio of highly successful projects to his credit. Richard Flisher has been with the firm for almost 20 years and specialises in concept and detail design of major projects.  Sara Harraway, a graduate of Nottingham Trent University, joined the practice in 1994 and has played a key role in helping the firm expand its education and interior design portfolio.   

The new management team is building on the success of the company, expanding its portfolio of work into new sectors such as data centres and energy from waste plants and introducing new and innovative services for its existing customers.

David Glazebrook said: "This is an exciting opportunity for CPMG to continue to build the strength of the business. Over the last twenty years the company has established a strong reputation for design expertise in a significant number of sectors of the industry. This broad operating base and the location in Nottingham will enable CPMG to continue to provide the best service for both local and national clients. I strongly believe that this will allow the company to remain competitive and to grow during the current challenging period in the economy."

Rabby Persaud, director with accountants PKF and Gavin White, partner of Nottingham legal firm Fraser Brown advised the directors on the MBO. Hugh Strickland of Geldards provided legal advice to the retiring directors.

 

 

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Article published by Midlands Business News on 30 September, 2011

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Articles submitted by CPMG:



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