Industrials & Support Services
CEPS is an AIM-quoted industrial trading group, comprising a diverse range of small UK businesses that each typically rank among the leading players in their respective niche market. Business activities include sports trophies and engraving, specialist stretch fabrics and gymnastics wear, and construction services. CEPS aims to achieve capital growth through steadily growing operating profits at group companies. The group seeks to acquire growing, profitable and cash-generative companies, primarily in the £2m to £5m value range, using private equity-style financial structuring, usually incorporating equity and debt components. Company management teams are incentivised to grow their businesses while focusing on cash generation and the steady repayment of CEPS' capital investment. Group companies benefit from CEPS' financial backing and strategic and operational support.
Restructuring of the group was undertaken during 2019 and 2020, with weaker businesses discontinued and other businesses strengthened through merger and acquisition transactions, reshaping CEPS into a smaller group with improved prospects for both profitability and growth. CEPS' more streamlined operations and reduced cost base helped it to navigate successfully through the COVID-19 crisis, with group businesses expected to recover during 2021 and into 2022. In the near term, improving cash flow generation is likely to support lower-risk bolt-on acquisitions, such as Millington Lord, which joined the group in March 2021. CEPS' medium-term objective is to use its cash flow to reduce gearing at group companies, add further businesses to the group and ultimately provide CEPS shareholders with a robust, steadily growing dividend stream.
CEPS has delivered strong underlying growth despite the impact of lockdown regulations in the first half of the […]
CEPS has announced the acquisition by its subsidiary Aford Awards (AA) of the business and related assets of […]
CEPS has recently announced that the Trustees of its legacy pension scheme have entered into a buy-in contract […]
HY21 results demonstrate that CEPS is now a transformed entity, with its first clean set of results following […]
In our view the Group’s recent FY20 results announcement reflects a creditable performance despite the extremely tough trading […]
CEPS has announced the acquisition by its subsidiary Hickton Group of Millington Lord, a gas and electrical safety […]
CEPS is an AIM-quoted, industrial trading holding company that seeks to acquire growing, profitable and cash-generative specialist companies […]
Company Management Team
David qualified as a Chartered Accountant in 1984. His experience includes working for Touche Ross Insolvency and Corporate Recovery before joining 3i Corporate Finance where he advised on buying and selling typical “old” 3i unquoted companies with a value generally up to £10 million. He has also worked extensively with small public companies. He joined Strand Partners where he specialised in rescue, recovery and restructuring of small public companies before setting up Chelverton Asset Management Limited in 1998 as a UK small company investment specialist with in excess of £1 billion funds under management.
Group Finance Director & Company Secretary
Vivien qualified as a Chartered Accountant in 1987. She has many years’ experience in senior finance roles in service sector companies, particularly with listed public relations and marketing companies. She possesses sound business acumen with strong team and management skills and has significant project management experience with expertise in financial analysis, contract negotiation and company acquisitions. She was appointed Finance Director in July 2010 and is our Company Secretary. Vivien is also the Finance Director for Chelverton Asset Management Limited.