New Owner for TFS
After running the company for over twenty years Ted has decided to take well-deserved retirement. Having steered the company from a small family business to over £2 million turnover, he has decided the time was right to hand over the reins. David, who joined TFS in 1991 and has been the MD of the company for the last eight years, saw this as an opportunity not to be missed and put into motion the long acquisition process.
On the 12th of September 2005 the purchase was completed.
David has great plans for TFS in which he is anticipating a 25% growth on this years £3 million turnover within the next two years. He also has plans to increase the number on the payroll from 30 to 40 as part of the growth of the infrastructure of the company.
Much of the expansion will come from the King Drillitt range of Bi-Metal stainless steel fixing screws that carry a unique 25-year warranty.
David has been with TFS for almost fifteen years and during that time he has seen the company expand significantly. He feels that TFS is in a strong position to continue to grow their presence in the specific trade sector they operate in throughout the UK and Overseas.
David has a very strong management team behind him in Rob Heap - Sales Director, Tim Pearson - Works Manager and Stuart Shepherd - Finance Manager in whom he has every faith, this is further backed up by the rest of the excellent TFS team.