Alarms

New HQ after MBO

by Mark Rowe

Two Welsh women took the plunge and bought the company they worked for. Julie Halton and Jennifer Horan had been working for Cardiff-based IDS Security & Fire for 20 years and ten years respectively, when the business was put up for sale due to the impending retirement of the owner. Rather than let the company, founded in 1991, be taken over, Julie and Jennifer mounted a management buy-out (MBO) last year.
 
Now the duo report private and public sector contracts in Wales and across the UK. This has led to job creation and a move to a new HQ on the Cardiff Business Park, Llanishen.
 
Julie Halton, Managing Director, who was previously finance director, said:  “In many ways ours is the classic story of employees believing in their company so much that they buy it for themselves. We are both mums and had brought up our children whilst working at IDS and we did not fancy the prospect of the company worked in for so many years being taken over by someone else.
 
“We were so pleased that that the buy-out went ahead so smoothly, and we have not looked back ever since, recently securing a major £700,000 contract amongst many others.”
 
IDS designs and installs CCTV, access control, intruder alarm systems besides fire alarms and barriers.  Engineers provide an installation and maintenance service to businesses, retailers, local and central government. The company also provides a full 24/7 security alarm monitoring service.
 
Jennifer Horan, Operations Director of IDS, said: “It was a major leap forward for us to take over the reigns of the company but the challenge has been made much easier due to the back-up of an extremely loyal and dedicated engineering and sales team behind us.”
 
Pictured are Julie Halton and Jennifer Horan. Visit www.ids-securityltd.co.uk.

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