Fuel supplier completes MBO during lockdown

In planning prior to the Coronavirus lockdown, North Yorkshire-based independent fuel oil supplier, Kettlewell Fuels has now completed a management buyout (MBO) by its senior leadership team.

Kettlewell Fuels

Managed by Janet and Trevor Kettlewell since 1996, the MBO means the husband and wife team takes ownership of the business outright from the Kettlewell family, which also owns other family businesses.

Continuing as a Phillips 66 authorised JET distributor, it is business as usual for customers of the company which delivers domestic heating oil, agricultural gas oil and commercial DERV to homes, farms and businesses across North Yorkshire. Janet Kettlewell retains responsibility for the operational and customer service side of the business and the same experienced and friendly, local customer service team will continue to help customers make the right fuel choices for their needs.

Trevor Kettlewell will carry on managing the fleet and delivery logistics supported by the highly trained Kettlewell Fuels drivers who ensure customers receive a swift, reliable delivery service in a safe and timely manner.

Expanding the team and premises
Strengthening the company’s management team, Janet and Trevor are delighted to be joined on the board of directors by John Skinner. John was previously finance director and company secretary for 15 years at one of Yorkshire’s leading estate agents, having experience also in the healthcare, packaging and banking sectors.

The MBO also provides the opportunity for the business to move to larger premises which will still be within the Melmerby area. Commenting on the MBO, Janet Kettlewell said; “It’s another step forward in Kettlewell Fuels’ 33-year history.

“Kettlewell Fuels is more than just a business to us. Taking sole control means we will be in a position to focus our energies on offering our customers a service that suits their changing needs whilst ensuring they continue to receive the outstanding level of service that has enabled us to grow the business. Our relationship with the other Kettlewell companies, Kettlewell Commercials and M Kettlewell (Melmerby), will continue and we’re really looking forward to exciting times ahead.”

Advisory assistance was provided by law firm Schofield Sweeney and accountants Saffery Champness, with completion taking place at a safe social distance in line with government guidance.
Martin Holden, who advised on behalf of Saffery Champness, said; “Janet and Trevor have some exciting plans for the future direction of the business and this MBO provides a strong foundation for growth.

“We are delighted to have been able to offer the support they needed to achieve their ambition and look forward to watching the business flourish under their continued leadership.”

David Strachan, who led the Schofield Sweeney team, added; “My colleague Lucy Holroyd and I were also delighted to advise on this significant development for Kettlewell Fuels, and we wish the company every success in future”.

 

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