London's AIR Studios up for sale

Tue, 08 May 2018 | BUSINESS SALE

AIR studios, which was set up by legendary Beatles producer George Martin, is being put up for sale.

London Bridge Capital is to handle the sale of the studios, which specialises in pop music recording, as well as orchestral recordings, particularly for the movie industry.

Included in the sale is recording equipment worth some £3m. Revenues at the studio rose to £3m in 2017, from £2.7m the year before, reporting pre-tax profits of £371,000 last year. The studio employs some 35 people.

The business was purchased in 2006 by Richard Boote who now says he would like to “hand the baton on” as George Martin did when he originally sold the studio.

As well as having a rich musical heritage in the genres of pop and rock music, the studio is the only one large enough in London, aside from Abbey Rd, to fit a full orchestra, which has meant it has benefited greatly from the rise of movie soundtracks being recorded in the UK. This industry has gone from strength to strength as a result of tax breaks awarded to the UK film industry in recent years.

The sale also follows a long-running dispute with a wealthy neighbour of the studio, which is located in a missionary school building in the London suburb of Hampstead. The neighbour wanted to excavate a basement for a home cinema, which would have disrupted recording at the studio. It is though that the sale may have been prompted by the happy resolution of this exhausting dispute.

Vendor Boote, stated: “Some of the most legendary soundtracks and records of the 20th and 21st century have been recorded at AIR and we know that there is still scope to expand and grow the business further."


Share this article



Latest Businesses for Sale

Iconic British Motorcycle Manufacturer
Oxfordshire, South East, UK

Hand built in their workshop in Oxfordshire and delivered to enthusiasts and collectors all over the world, this is a fantastic and very rare opportunity to take on a truly iconic brand and develop the business to bring out the full potential that br...

Asking Price: £3,750,000
Turnover: £500,000

RELOCATABLE


Recruitment Company: Transport, Logistics & Warehousing Sectors
North West, UK

Offers a comprehensive employment process to ensure all candidates are qualified and meet the required safety and licence checks. Offers invited.

Asking Price: Offers Invited
Turnover: £3,200,000

LEASEHOLD


Business Resilience Continuity Consultancy
London, UK

Provides a range of specialist consultancy through planning, training and exercising, with a focus on crisis management and business resilience and continuity. Offers invited.

Asking Price: Offers Invited
Turnover: £713,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
15
 
Jun
 

Equity funding reaches record high for SMEs | BUSINESS NEWS

As investment rises outside of the capital, small businesses...

 
14
 
Jun
 
 
13
 
Jun
 

Sipp firm with a total investment value of £130m enters administration | ADMINISTRATION

GPC Sipp Limited, a firm specialising in providing technical...

Free guide: 10 Biggest Buyer Mistakes

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

Email


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