Nisbets PLC has taken a controlling stake in Space Catering (UK) Ltd, the holding company of Space Catering Equipment, Space Interior Contracts, and Holmes Catering Equipment Solutions, the company announced this week.

Ian Bidmead (pictured above), MD since 2012 will continue in his post along with Louise Chuter and all of the senior management team.

Mike Mellor, founder of the business in 2000, will leave in the summer this year.

Mike, who suffered with health problems in 2013 and has taken more of a back seat role since then, commented: "I am delighted that Nisbets have invested in Space and taken over my shareholding; I cannot think of a more perfect partner to support Ian and the team to take the business forward.

"After thirty years in the catering equipment industry, it is the right time for me to exit and I leave the company in great shape, in good hands and with the backing of one of the industry's leading companies."

The last 4 years have been transformational for Space, with the addition of a manufacturing and interior fit out capability to complement its catering and furniture businesses. Over the past four years, Space’s turnover has doubled as it has grown into one of the UK’s leading turnkey design and build companies.

Ian Bidmead said: "It will be largely 'business as usual' for customers, staff and suppliers alike, as this is an 'arms length' acquisition, but we are fortunate to have the backing of such a large and respected organisation as Nisbets behind us, and all of the team are extremely positive about the change.”