AN outsourced car valeting firm is focusing on growth after undergoing a £4 million management buyout.
Swadlincote-based Autoclenz Holdings Plc has changed hands thanks to funding support from the Royal Bank of Scotland.
Autoclenz Ltd and its subsidiary, Autoclenz Services Ltd, have been snapped up by directors Grahame Rummery and Trevor Clingo, and divisional directors Deryck Worrall and Martin Ward.
Two new investors, Adam Reynolds and Paul Foulger, have joined as directors.
Mr Clingo, firm finance director, said: “The buyout has allowed the management team to focus on growing the business.
“We have an excellent opportunity to develop Autoclenz into a premier UK brand Swadlincote can be proud of.”
Autoclenz’s clients include Audi, Bentley, BMW, Mercedes and Porsche.