Cussins is a family-owned house builder based in the North East. BGF partnered with the company in December 2014 and provided a £5m investment to support new site acquisition and housing developments.
During BGF’s investment, Cussins grew the development of new sites from 10 to more than 70 per annum, strengthened its management team with the appointment of a Construction Director and Finance Director with advice from BGF, and saw its turnover triple from £4.5m to £15m in under two years.
Cussins was acquired in 2016 by Northumberland Estate, the largest landowner in the North East, delivering a strong return for all shareholders.
BGF’s equity funding immediately helped us to secure a significantly larger bank facility, which enabled us to accelerate our development plans. The growth we have demonstrated since, and the prospects for Cussins today, are testament to the impact that BGF has had.Jabin Cussins, CEO
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