We are pleased to announce that on Monday, July 27th, 2015 we successfully completed a management buyout of the company. The multi million pound transaction has paved the way to further growth developments for the company, and will ensure a bright future for all associated with BOFA.
I am delighted that we've been given the opportunity to continue the good work that has gone on before. BOFA has enjoyed a remarkable period of growth and we firmly believe that the trend will continue over the coming years.
The change in ownership enables our chairman and founder Dave Cornell, to begin a richly deserved retirement, and Lawrence Cornell to leave the business to pursue other interests. I have taken up the position of managing director, and I've strengthened the management team by bringing in James Oliver as our finance director. Chris Cornell will remain with the company and will play a key role in project development.
Our investment plans will enable us to deliver even higher levels of service to our customers and will afford us the opportunity to fully develop business opportunities that lie ahead.
Tony Lockwood, Managing Director