Elliot Hibbs, son of Jim Hibbs who started Coachman in the mid 1980s, is the company’s Managing Director. He and four other members of the senior management team are involved in the buyout.

Jim Hibbs will continue his links with the company he started by acting as a consultant over the next few years.

Elliot said: “The senior management team have worked for Coachman for many years and it is very pleasing that the commitment and hard work can be recognised through this wonderful opportunity. We will continue to grow in a careful and controlled manner ensuring that we continue to manufacture exceptionally high quality caravans and that the company remains a very good employer to all our 188 staff.”

The first Coachman caravan rolled off the production line at its Hull factory in 1986. It has since built a reputation for excellent craftsmanship and quality build and design.