Commercial Property News

Following the resounding success of Back Group's Manchester office - which opened for business last year - the company has announced a management buy-out, which will see three directors with an average age of 37 steer the 70-strong company forward and increase its £5million turnover by 33 per cent within three years.

Specialising in development, construction and property consultancy across a spectrum of sectors, such as offices, residential, retail, industrial, health, education and the arts, Back Group has developed a formidable business model whereby 75 per cent of income is generated through key accounts. Since the launch of the Manchester office in July 2004, Back Group has already needed to relocate to new offices on Church Street in Altrincham to accommodate the rapidly expanding team. The company's head office is in Birmingham, with an additional office in London.

Now after 28 years of being a leading player in the UK's construction and property sector, founder David Back has sold his share stake in the company to a management buy-out. A name change to DBK Back is being implemented to recognise the new principal shareholders Tim Downing, Duncan Berry and Steve Kelly.