Baton passes at Leger Shearings

Leger Shearings Director Ian Henry has become a non-executive and, with his wife Kathleen, have become minority shareholders.
CEO Liam Race, CFO Andrew Oldfield, and CPO Chris Plummer become majority stakeholders. For the past 30 years, the business has been led by Ian Henry, who is appointed Non-Executive Chairman.

The executives have steered the Group through the pandemic and successive growth over the past few years, with ambitious targets, digital transformations, and over 200 employees now working for the group. This change enables the team to continue driving the business forward, with the support from Ian, on the next stages of the journey, said the three.

CEO Liam Race said: “This is an extremely exciting time for the Leger Shearings Group, for both our employees and all our partner operators. Following a record-breaking profit year in 2023, and set for another record year for 2024, our plan is to develop and grow the business, serving our loyal customer base but also expanding with new opportunities. We can’t wait to see what the future holds for us – including another very exciting update which will be revealed soon.

“The eight-figure funding deal through NatWest has been led by Andy Croasdell, Andrew Gore, and Rita Collins. We have a long-established relationship with NatWest and their support of our strategic goals is a testament to the hard work and passion we have shown as a team.”

The transaction was also supported by KPMG (Marc Abrams) and White Hart Associates (Chris Photi).