MDG Architects

A Birmingham architectural firm has completed a management buyout with the support of funding from UKSE. 

Director Daniel Wicks secured six-figure funding from UKSE to help him acquire MDG Architects from outgoing owner and managing director Darrel Smallman. 

Central Business Finance director Steve Harris said: "I am thrilled to have been able to assist Daniel in sourcing suitable funding for this management buyout. It has opened up new opportunities for the business to grow and prosper."

Founded in 1994, MDG Architects is a Royal Institute of British Architects (RIBA) Chartered Practice based in Birmingham, with offices in the Jewellery Quarter. 

Following the acquisition, Wicks, who joined the MDG team in 2017, has taken on the role of managing director, while Smallman will continue to support the business under a multi-year consultancy role. 

Wicks said: "The funding from UKSE will enable me to continue to grow MDG Architects for the benefit of the employees and clients.

"I am committed to the long-term success of the business and will continue investing in the company to ensure its growth and progression. It is a really exciting time for the company as we also celebrate 30 years in business. Our commitment to good design and quality will, however, always remain at the forefront of everything we do. 

"I would like to thank Darrel for the dedicated role he has played in growing MDG Architects during his nine years as owner. Darrel has established MDG as a key player in automotive retail, as well as playing a pivotal role in diversifying the brand into both commercial and governmental sectors."

UKSE regional executive Mike Lowe added: "We are pleased to have been able to support MDG Architects with the funds needed to secure this management buyout. 

"UKSE's mission is to enable businesses to grow and prosper, so we look forward to seeing the company build on its success and contribute further to the West Midlands economy.

"MDG Architects is an impressive business with a strong track record of delivering high-quality building projects, and I am confident that the company will retain the values that have contributed to its success under Daniel's leadership."

MDG Architects was introduced to UKSE by Birmingham-based commercial finance broker Central Business Finance, which helps SMEs with commercial finance products and grant funding.