Spaceright

Since its inception in 2008, Spaceright has established itself as a market leader in presentation products and early years furniture, having strengthened its product portfolio and manufacturing capabilities with the acquisition of Millhouse in 2015.

Rockpool backed the management buyout of Spaceright in 2020, to partner with CEO, Steve Ashton, backing a plan that focused on the growth of the Millhouse brand domestically and internationally. Rockpool brought in a new non-executive chairman to strengthen the Company’s board and an experienced CFO.

Rockpool have worked closely with the board to significantly expand the market share and reach of the Millhouse brand, now serving the majority of leading UK nursery brands and having established both US and European routes to market. Since Rockpool’s investment, revenues have more than doubled, with significant expansions in gross margins and EBITDA margins.

Alongisde this growth, Rockpool have successfully executed a management transition to allow CEO, Steve Ashton, to move into a non-executive role ahead of retirement and former CFOO, Stuart Fyfe, to move into the CEO’s role ahead of a future exit.