Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Ex-Melrose experts float new buy, fix and sell firm Stirling

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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Former divisional managers of industrial buyout firm Melrose (MRO) are heading up a new cash shell which hopes to buy underperforming industrial firms worth up to £750m, fix them and sell them.
Stirling Industries’ (STRL:AIM) business model is very similar to Melrose, although it is tiny in scale at present.
Directors Blair Illingworth and Simon Thomas used to work for Brush, a subsidiary of Melrose. Illingworth has also worked for Tarmac, Polypipe (PLP) and Marshalls (MSLH). (TS)
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