Card Factory poised for a sell off

Mon, 29 Apr 2013 | BUSINESS SALE

Discount card retailer Card Factory is being prepared for a sell off to the tune of £600 million, the Sunday Times reported.

Its private equity owner Chapterhouse has hired Goldman Sachs to sound out interest from other private equity buyers, for the 650-store business.

Married pair Dean and Janet Hoyle set the business up in 1997 in Wakefield, West Yorkshire, by selling wares from the back of a van. Mr Hoyle is the owner of Huddersfield Town football club.

The pair pocketed £350 million when they sold the business to Chapterhouse three years ago.

Card Factory has done well in the recession, selling its discounted cards to cash-strapped customers, while its rivals, such as Clinton Cards, have floundered.

The retailer recorded a turnover of £265 million with £64 million in earnings for the year ending January 2012. At the time it had 611 stores with “significant further roll-out potential". Its chief executive Richard Hayes added in the accounts that the business had remained strong due to a low average spend, despite rising online competition.

Speaking to Insider Media back in November, Dean Hoyle attributed the success of the business to staying “very much below the radar” and being quiet about its profits amongst rivals. “I always have this fear that those who shout the loudest fall the hardest,” he said.

The firm overcame adversity in 2005 when faced with increasing costs from suppliers by establishing a working relationship with a design company and beginning to make its own cards. “That was the making of Card Factory,” Hoyle said.

Related news:
Clinton Cards sale deadline approaching
Card Factory sold to Charterhouse

Share this article

Latest Businesses for Sale

Two Cafes & Food Kiosk
Cornwall, UK Wide

2 x Lucrative Cafes & Food Kiosk Recently Departed from a Franchise in Cornwall. Well-Established and Longstanding. Ideal Coastal Location. Recently Renovated. Fantastic Reputation. Excellent Trade Throughout the Year. Offers invited.

Asking Price: £299,950
Turnover: £500,000


Flooring Specialists
Hertfordshire, UK Wide

Flooring Specialists: Domestic, Contract, Rentals, HMO, Housing Associations, Ecclesiastic, Schools and New Build. Well-Established. Highly reputable with multiple years of repeat business. Over 25 years of experience in the field. Domestic and Comme...

Asking Price: £400,000
Turnover: £850,000


Movable Art Display Walls Design & Manufacture
Wiltshire, UK Wide

Blue Chip Client Base. Full Range of Display Systems. Limited Industry Competitors. Solid Platform for Growth. Offers invited.

Asking Price: Offers Invited
Turnover: £403,159


View more businesses for sale

News Search

Latest News


AFH Financial Group acquires two firms for £7.2 million | BUSINESS SALE

AFH Financial Group, a listed wealth management firm headqua...


Lucid Group completes acquisition of North West-based healthcare consultancy | BUSINESS SALE

Healthcare communication specialists, Lucid Group, has succe...


Controversial green energy firm goes bust and forced to appoint administrators | ADMINISTRATION

A small energy supplier providing green energy to 29,000 hou...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide


Related News


Moonpig owner in business sale rumours | BUSINESS SALE

A number of private equity firms are thought to be circling ...


Punch Taverns looks to reduce debt pile | BUSINESS NEWS

Pub company Punch Taverns is looking to restructure the busi...


Mouchel considers sale over £90m debt | BUSINESS SALE

Engineering firm Mouchel has brought in Goldman Sachs to adv...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources