Partner Article

North East firm Middleton Enterprises increases investment in Tyneside company

Middleton Enterprises has increased its investment in Tyneside cable management company D-Line following continued success.

In 2006, the year after D-Line was founded, Middleton Enterprises founder Jeremy Middleton made his initial investment in the Seaton Delaval-based company.

The firm has now grown to have a turnover of around £3m, with its products being sold in 21 global markets.

D-Line, which supplies its cable management products, including its patented trunking, to leading DIY retailers including B&Q, was set up when managing director Paul Ruddick spotted a gap in the market for a product which stylishly hides wires and tidies cables in ways which blend with decor.

Support from leading UK retailers has helped the company move into foreign markets, with £1m of its turnover now export-linked.

Jeremy Middleton said: “D-Line is a great North East success story in both the domestic and export markets. Paul Ruddick really found a niche with great looking cable management products for the home and commercial premises, and the company has gone from strength to strength. He has found a product which is not only needed here in the UK, but in every developed country in the world, and I am proud to be a significant shareholder, helping to drive D-Line forward.”

D-Line’s Founder and Managing Director, Paul Ruddick, said: “Jeremy has been a supporter of D-Line from the early days and he has continued to invest in the company as we have developed, and he has helped us to grow. This growth is something which continues, thanks to this support, and we have recently entered our 21st market, Croatia, with more to come. Middleton Enterprises is a true supporter of North East enterprise and we are very grateful to Jeremy for helping us work towards achieving our global potential.”

This was posted in Bdaily's Members' News section by Ellen Forster .