Lucideon Sets Out Blueprint For Expansion With New Group FD
World-leading materials technology group Lucideon has appointed a group director of finance to bolster the company’s ambitious expansion drive and seek out key acquisition targets.
Jonathan Shaw joins the international company, which has its headquarters in Staffordshire, to support chief executive Tony Kinsella in powering the business’s national and international growth plans.
Lucideon works predominantly in the construction, ceramics, power engineering and healthcare sectors, working with multinational companies, offering materials development, testing and analysis, resource efficiency and assurance to clients around the globe.
Originally borne out of the British Ceramics Research Association, which was formed in the 1940’s, the company has evolved into one of the UK’s major success stories, harnessing innovation to produce ground-breaking developments in advanced materials.
A graduate in Economics from The University Of Manchester, Jonathan is an experienced and qualified accountant, with a strong history in the profession at two of the ‘Big 4’ – and worked latterly as finance director in highly-leveraged private hospital groups.
Jonathan said: “It’s an exciting time in Lucideon’s development. It’s a very interesting stage to come into the company and be involved in its growth.”
He joins a business that has already set the seeds for major expansion, with 2013 representing a year of revenue and profit growth, despite significant investment in equipment and people. Revenues broke through £15 million, a 10 per cent increase on 2012, and profits doubled to £1.7 million (PBT).
Already 2014 is shaping up to be another exceptional year, with highlights including a £2.6 million investment developing new services in the UK and US in construction, healthcare and power engineering capabilities.
Lucideon is also entering a new market – pharmaceutical and microbiology testing – and dedicated labs for this sector are in the process of being completed at its Staffordshire headquarters.
Tony Kinsella said: “As we embark on our next stage of even more aggressive and ambitious growth, finance will be a key component of our armoury in the competitive markets out there.
“Jonathan will bring his advisory expertise, his accountancy skills and his strategic business insight, along with a clear passion for managing and leading people – a key combination in a people based business like ours.
“We have some excellent opportunities to develop our business by acquisitive and organic routes, and managing finances, existing and new, are going to be important.”
Earlier this year, Lucideon announced it was changing its name from Ceram, to bring its new businesses acquired over the years under one banner and set the platform for future growth.
The name change saw international sustainability, verification and certification specialist CICS (Complete Integrated Certification Services Ltd) and US-based testing and analysis firm M+P Labs all come under the new title.