Rob Kelly advised Cubico (trading as Cubico Bathrooms and Easy Bathrooms) on its multi-million pound investment from Growth Partner.
Growth Partner, which is backed by HomeServe plc founder and CEO Richard Harpin, has made the investment to acquire a significant minority stake in the company.
“Rob has acted for me through thick and thin and has taken the time to get to really understand me and my business. He is an excellent technical lawyer but his previous commercial experience and financial background give him a real edge over other corporate lawyers.” Craig Waddington, Managing Director, Cubico
Operating via its trade-facing brand, Cubico Bathrooms, and its consumer facing brand, Easy Bathrooms, Cubico has an expanding national footprint of 65 showroom and trade counter stores, alongside its wholesale and growing e-commerce channels. Cubico was founded in Leeds in 2012 by managing director, Craig Waddington, who has over 25 years’ experience in the bathrooms industry.
He was joined by sales director Scott Tattersley and IT director Steve Browett shortly after setting up the business, with Laura Green joining in 2015 as FD.
It now has sales in excess of £45m and employs over 400 people.
In the last 12 months alone, the business has opened 23 new showrooms – including 16 since the onset of the pandemic in March.
With Growth Partner’s investment Cubico will embark on its next stage of growth. This will be underpinned by continuing to expand its national footprint of stores to over 100 showrooms by 2023.
If you are looking for advice on how to grow your business, we’re here to help – get in touch.