Monday, September 21, 2020

Joint venture expands scope of West Yorks specialist fit-out contractors

Stonehouse Projects is expanding its operations in the property development market by forming a joint venture with international investment group LSG Holdings.

Employing 25 people, the West Yorkshire firm is a specialist fit-out contractors and manufacturers of bespoke furniture.

LSG Holdings is a UK-based single family office active in direct investments across real estate, private equity and venture capital both in the UK and internationally.

It has a history of backing successful SMEs and management teams in the Yorkshire region with previous investments in Lifterz (now exited) and The Progeny Group (current).

Following the completion of the deal, the Stonehouse team will be working alongside LSG’s MD Patrick Leoni Sceti to further strengthen the existing business and develop the group’s property investment and development arm. The Stonehouse brand will be retained going forward.

“The timely coming together of LSG Holdings and their unrivalled financial know-how together with their experience in backing successful SME’s combined with the knowledge and expertise of the Stonehouse team has given us a winning formula,” said Steve Waugh, Managing Director of Stonehouse Projects.

“By pulling on multiple years of well-honed skills and proficiencies across the group we can offer something quite unique.”

A team led by Alistair Scott-Somers of Progeny Law and Tax and the Leeds office of Murray Harcourt led by Mark Hunter advised LSG on the investment. Susan Clark of LCF Law, Kate Naylor and Joel Topham of Sagar’s Accountants advised Stonehouse.

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 lockdown having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.




Latest news

Pandemic sees major slide in recruitment plans as firms play it safe

Almost half of firms in the UK plan to reduce recruitment or not recruit at all over the next year, according to an annual...

The times they are a-changing

Bob Dylan’s immortal words couldn’t be more accurate in this day and age as many of us are having to learn new skills and...

NPIF cash for Sheffield smart sensor company

Sheffield tech company, Tribosonics, has raised £1.1 million to develop and grow its smart sensors which helps industry reduce costs. The company embeds sensors within...

Structural steel specialists secures trio of contracts worth £21m

The structural steel division of the South Yorkshire-based Billington Holdings has secured three contractors worth £21 million. According to the AIM-listed company, one of these...

£1.1m engineering skills boost for Sheffield

In a national first, teenagers at UTC Sheffield will develop a new range of in demand high-level digital engineering skills following a £1.1 million...

Cable cleat manufacturer expands North Yorkshire headquarters

Cable cleat manufacturer, Ellis Patents, has invested £500,000 in a 25 per cent expansion of its North Yorkshire headquarters. The main element of the expansion...

Related news

Pandemic sees major slide in recruitment plans as firms play it safe

Almost half of firms in the UK plan to reduce recruitment or not recruit at all over the next year, according to an annual...

The times they are a-changing

Bob Dylan’s immortal words couldn’t be more accurate in this day and age as many of us are having to learn new skills and...

NPIF cash for Sheffield smart sensor company

Sheffield tech company, Tribosonics, has raised £1.1 million to develop and grow its smart sensors which helps industry reduce costs. The company embeds sensors within...

Structural steel specialists secures trio of contracts worth £21m

The structural steel division of the South Yorkshire-based Billington Holdings has secured three contractors worth £21 million. According to the AIM-listed company, one of these...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close