Belfield Group’s four upholstery and furnishing brands have a new venture capital owner.
Eight years after investing in the group, NorthEdge Capital has sold the £85m turnover group to Blandford Capital. The group’s Westbridge, Tetrad, Belfield Leisure and Clinchplain brands will continue to be run by Tom Prestwich, Belfield Group ceo.
‘We are delighted to be working with the Blandford team during this exciting next phase of growth. We will continue to provide an incredible service with passion and enthusiasm, delivered by a highly skilled team. Together we look forward to designing, building and selling beautiful products to our strong client base and achieve success into the future,’ says Prestwich.
‘We are thrilled to partner with TBG. TBG has an unmatched reputation in the UK for providing high quality upholstered and soft furnishings. We look forward to working with Tom and the talented TBG team to maximise the many opportunities in the UK and export upholstery markets,’ says Neville Kahn, a Blandford Capital a founding partner.
‘We have enjoyed a long partnership with the Belfield Group, and we look forward to seeing the business and its team continue to grow alongside its new partner, Blandford,’ says Keven Parker, NorthEdge managing partner.
The TBG supplies the UK retail, leisure and furniture trade sectors from its sites in North Wales, Lancashire, Derbyshire and Romania and employs nearly 1,000 people.
