Large Print Works announces MBO

Two of Large Print Works’ longest-standing employees have taken the reins of the Newcastle-based print company as the founder steps down as CEO.

John Laidler founded Large Print Works (formerly The Rip) in 1988 with the business experiencing growth year on year and expanding to specialise in large-format print from a 4,000sq ft facility.

With customers including local councils, northeast businesses, universities, museums, and design agencies, Large Print Works produces work including Foamex, posters, digital wallpaper, banner stands, exhibition displays, and indoor and outdoor billboards.

Laidler has now sold 90% of the company to former sales manager Natasha Scott and production manager Gareth Kerr whilst retaining a 10% stake in the business. He will remain as a non-executive director.

Following the management buyout, Scott will oversee the business as managing director and Kerr will take the role of production director.

Reflecting on the decision not to sell externally and instead opt for an internal sale, Laidler says: “Because I had built the business from scratch, and my staff are like family having been with me for a long time, I knew deep down I would never be comfortable selling the business to investors.

“By doing it this way, we can safeguard its independence for the long term as well as providing some reassurance to our long-standing clients that it is business as usual. Selling to Natasha and Gareth will secure the values, culture, and ethos we have all built at Large Print Works and root more jobs in Newcastle as they continue to grow the business.”

Since it was founded, the business has experienced continued growth and the last financial year it achieved a 30% increase in sales. The company is now on target to increase this further by the end of the year.

Scott has worked for Large Print Works for almost a decade having joined as an apprentice in 2012. She says: “Nearly ten years ago when I joined Large Print Works having just left school, I bought into the values and the culture that John created and I’ve never looked back.

“I know and love this business inside out and with John being on hand over the next ear to tap into his experience and knowledge, we will still be delivering the same great service as always.”

Scott continues: “I know it will be hard for John to step back, but by handing over to Gareth and I is another example of the fact that he cares about our future, and trusts us to continue the success and grow the business more. These are exciting times.”

Kerr has been with the business for over 20 years and says the new owners have ambitious growth plans over the next few years and are already looking at investing in a second flatbed and roll-to-roll machine. This, he says, will help to increase turnover and make way for more job opportunities.

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