Daniel Clark resigned in 1986 replaced by John Clothier (son of Peter) who remained CEO throughout the turbulent buy-out negotiations with Berisford International Plc, a properties commodities group that attempted to take the troubled company public. While the proposal was defeated by shareholders at the EGM convened on 7 May 1993 it was also decided to move away from direct family management to professional managers, who would rationalise the business, and would be more comfortable with making the changes needed for its recovery.