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Jonathan Straight looks to new direction

It is almost 21 years to the day since I set up the business that became Straight plc. It was just me and a desk - and not even my own desk at that.

Fast forward to the present and the company remains the market leading supplier in the recycling container market with our own manufacturing facility and a listing on the London Stock Exchange.

My concern has always been around what is best for the business. We moved into manufacturing almost four years ago and over that time is has become obvious to me that the business has needed scale in order to best serve its many loyal customers.

Whilst selling a business, or leaving something one has done for a long time, is a bitter-sweet moment, I believe that the merger of the Straight business with MGB Plastics - along with the broad resource of its parent company One51 - will create something of significant scale to the benefit of all stakeholders.

Assuming shareholders support the offer, in the coming few weeks I intend to resign my position as chief executive of Straight and I will leave the board. In the short term I will serve as a consultant to the company ensuring a smooth handover and assisting in a number of areas where I can add value. This will not take up all of my time and I now need to look to new horizons. In short, my plan is to “go plural” by doing a number of things rather than take on another job.

Over the 10 years the business has been listed on the London Stock Exchange I have learned a great deal about the quoted markets and I hope to serve as a non-executive director or chairman of another listed business. I have some ideas for new businesses but not necessarily in the recycling space and I would intend to work with start-ups as an investor and mentor. Finally, I hope to do more work though my charitable trust to do some good things in the wider community.

I will still be tweeting so those who are interested can continue to follow my progress.

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