National expansion planned after training company’s MBO
28th August, 2014
A training company is planning to expand across the country following a management buy-out advised on by law firm Ward Hadaway.
TRN (Train) Limited, which is based in Gateshead, is looking to open up training centres in major cities such as Manchester, Leeds and London after being bought out by its management team.
The company was founded in 2002 and was previously part of care home operator Executive Care Group.
It specialises in providing workplace training and skills for workers in the construction and health and social care sectors, as well as delivering Government-funded training programmes to young people and to help unemployed people back into work.
As well as providing training in its North East heartland, TRN (Train) Limited also has a presence in the North West and Yorkshire and is now looking to expand into other areas.
Corporate lawyers Katherine Hay-Heddle and Julie Harrison at Ward Hadaway, led the firm’s team advising management at TRN (Train) Limited on the buy-out.
Katherine said: “It was a pleasure to help Mark and the team at TRN (Train) Limited to achieve this MBO.
“The company does valuable work in helping to boost skills and training and the management team have some exciting plans to further develop the business so we wish them all the very best for their future success.”
TRN (Train) Limited Managing director Mark Hewitt said: “Katherine and the team at Ward Hadaway provided fantastic service. This was my first experience of a management buy-out and Ward Hadaway did a fabulous job in guiding us through the process.
“They really looked after us and it was great to get such good advice from experienced lawyers who really know their stuff and keep you informed and up to speed with what is going on.
“We are looking to really grow the business on the back of the MBO – these are very exciting times for all of us at TRN (Train) Limited.
“At the moment we have construction training skills centres in Gateshead and Middlesbrough as well as satellite centres focusing on health and social care in South Shields and Middlesbrough.
“Following the MBO, we are now looking to go into places such as Manchester, London and Leeds to help more people with skills training and assist more people to get back into work.
“In addition to expanding the company geographically, we are also looking to grow our involvement more in the health and social care and construction sectors and to extending the amount of apprenticeships and traineeships which we deliver.
“We want to roll out our business plan in a controlled manner but now we have concluded the MBO we are very much in control of our own destiny.”
TRN (Train) Limited currently employs over 20 people at its Gateshead base with plans to create further jobs as the company expands.
The MBO has been backed by a private investor.
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