Leading international carpet manufacturers Hugh Mackay Carpets is looking to the future with fresh eyes following a management buy out (MBO) backed by The Royal Bank of Scotland Commercial Services (RBS Commercial Services), which sees the appointment of a new board of directors.
Hugh Mackay Carpets, which holds the Royal Warrant and celebrated its centenary in 2003, worked closely with RBS Commercial Services to achieve a solution that provides the company with the working capital it needed to help grow the business.
Durham-based Hugh Mackay Carpets currently employs over 250 people worldwide and as a result of the MBO is now able to not only maintain this current workforce but to strengthen it as major investments in new technology are made helping to boast the company’s productivity.
