The company was established as a small property services business known as Dean & Bowes (Homes) Limited in 1993 but, after the founder, Stephen Dean, sold his investment to an investor group known as Lupus Associates in 1999, the property services business was sold and the company became an investment vehicle known as Lupus Capital.

[3] Under his management, Lupus Capital bought the Schlegel Building Products Division from Unipoly in March 2006,[4] and then acquired the security business of Laird plc in April 2007.

[5] After the company started making significant losses, in the context of the financial crisis, Hutchings left the business in 2009.

[6] The company acquired Fab & Fix, a doors and windows parts business based in Coventry, for £14.8 million in 2012.

[7] In order to reflect a new focus as a building products business, rather than as a financial institution, the company changed its name from Lupus Capital to Tyman in February 2013.