Rosebys still has potential to grow, says LDC

The new owners of former Homestyle business Rosebys are convinced there is significant opportunity to grow the£200 million turnover business.

The£51 million sale to private equity firm Lloyds TSB Development Capital (LDC) and a 10-strong management team led by managing director Tony Richards was completed last week.

'Despite its well-established position, there is still enormous potential for the business to grow,' said LDC investment director Paul Johnson.