Victory Leisure Homes hints at acquisition plans amid major restructure

By Hull Daily Mail | Posted: 9 Apr 2019

East Yorkshire caravan maker Victory Leisure Homes has hinted it could target acquisitions as it looks to secure future growth.

The firm, based in Gilberdyke, has announced a major management restructure which has seen former managing director Peter Nevitt promoted to chief executive.

The company’s previous director of operations, Gary Corlyon, will also become the new managing director at Victory.

It comes as the holiday home manufacturer – owned by JR Rix & Sons Ltd - looks to build on 10 years of organic growth.

James Doyle, director and board member at JR Rix & Sons, said: “Peter launched Victory Leisure Homes and has driven it from being a small start-up business employing less than 30 people to a major player employing more than 200.

“The success of the company over the past decade is largely a product of his hard work and dedication, and that of the team he picked and led.

Peter Nevitt, new chief executive at Victory Leisure Homes

“There are still opportunities in the market place to grow organically but going forward this will take place along a considered acquisitions strategy that will help us strengthen and extend our portfolio.

“Restructuring the senior team is about making sure we have the right people in the right places to realise that growth as the business matures.”

Other senior positions are expected to be announced shortly as part of the far-reaching reshuffle.

The restructure comes as Victory Leisure Homes celebrates its 10-year anniversary.

The business started out in the former Cosalt Holiday Homes site in Stoneferry, Hull, before moving to its current base in Gilberdyke in 2012.

As part of the 10-year celebrations, Victory will launch its new anniversary model, the Coaster, in June.

The manufacturer also last month announced it was to launch another new model, called the Rimini, in a throwback to its Cosalt roots.

The Rimini is named after a caravan formerly made by Cosalt in Hull, but the new version has been transformed with a thoroughly modern interior.

Mr Nevitt welcomed Gary to the job as new managing director, and said there was a lot of potential to take the business forward.

He said: “We are entering an exciting new chapter for Victory Leisure Homes; the business has gone from strength to strength over the past 10 years and with this restructure and the continued support from our parent company, we can look forward to the next 10 years with confidence.”

Manufacturing News

Source article: http://www.hulldailymail.co.uk/

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