The investment firm RDCP Group has acquired 98% of the Somerset-based window, door and conservatory manufacturer, Majestic Group. After achieving circa £8m in turnover, £2m in operating profits and a 25% profit margin last year, the team at Majestic is now targeting significant growth, the business’ representatives have reported.
Majestic Group consists of the manufacturing company Majestic Window Designs (MWD) and its sister retail and installation company Majestic Designs. The family-run business has been operating for more than 20 years, having been established by Steve Harris, who sold the business to RDCP following his decision to retire and spend more time with his family. Leaders of the group today employ more than 60 staff.
The Majestic Group is to operate as usual with Jim Martin promoted to the position of group managing director. Jim is to work closely with Sameer Rizvi, Iryna Dubylovska and Paul Clunn from RDCP.
“Working together with Jim and the team, our focus is to expand the business even further and continue to deliver excellent products and services to their loyal customer base,” explained Sameer, founder and CEO of RDCP Group. “It’s very much business as usual for everyone at Majestic Windows, and we’re delighted to be part of this exciting new chapter.”
Steve Harris added: “Over 20 years ago I had a vision to build a company with old-fashioned values and integrity: to build a company that offered only the highest standards of workmanship and quality of products and deliver a customer service that is unheard of in our industry. Together with a superb team of like-minded people, many of whom have become members of the Majestic family and have worked together for well over a decade, I believe we have achieved that goal. It has been a very hard decision to retire and I will certainly miss all the amazing team but I believe the time is now right for me pass over the leadership of the company to a new team to take Majestic to the next level.
“RDCP operates with the same family values and principles, and I know the company is in safe hands for the future. Finally, I would like to thank all our suppliers who have been amazing and our wonderful customers without who none of this would have been possible.”
Jim, Majestic’s group MD, said: “Steve has created a business that everyone at Majestic is proud to be part of. We’re looking forward to further growth.”
