Thu, 28 Jan 2016 | MBO/MBI
Stills Branding, a creative agency in Cardiff that counts BBC Wales and Barclaycard among its clients, has changed hands in a management buy-out.
Existing director and shareholder Steve Sulley and head of design Ceri Lovett took on the business, with the deal part-funded by Finance Wales. Sulley is now the managing director and Lovett is the creative director.
Established for 30 years the agency builds and manages customers' brands, with services including strategy, design and content. Other household name clients are Tesco, PHS, Morgan, Tata Steel and Cancer Research Wales.
The management buy-out is the end result of careful planning, starting when Sulley bought a shareholding in the company in 2013 and began working at Stills. The company reported its best sales with revenues of £1.2 million, an increase of 27 per cent on the previous year, all within 18 months of Sulley starting.
Regarding the deal Sulley said: "I am delighted to finally complete the purchase of Stills; it is an agency with a fantastic client base across Wales and the rest of the UK, and we have some exciting growth plans on both sides of the bridge."
Leanna Davies handled Finance Wales investment in the deal, said: "Steve and Ceri have worked together at Stills for over a year and have developed a clear vision of how they want to take the business forward."
Find a business for sale
This well-established facilities management business in London, specialising in cleaning, maintenance, and security services, offers a unique opportunity with multi-year service agreements ensuring predictable recurring income. This opportunity prese...
This thriving value added meat company, prominently featured in major retailers like Tesco and Sainsbury's, boasts impressive growth with sales projected to more than double by 2026. The business has shown remarkable growth and we are poised to incre...
This London-based health and beauty dropshipping store presents a remarkable opportunity with its fully responsive website, a strong emphasis on eco-friendly products, and a mission to protect bees, setting it apart in the market. The sale of the bus...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.