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
Luxury kennels and cattery with professional grooming parlour (licensed for 142 dogs and 26 cats) in Peterborough for Sale. An opportunity to acquire this luxury kennels and cattery with stunning spacious four bedroom detached residence which must be...
LEASEHOLD
The business has been established for a number of years and has been owned and operated by the founder since that date. Offers invited.
FREEHOLD
Situated in the heart of Ilkley town centre just off the busy Brook Street. The yard is a stylish bar offering a wide range of drinks, good, quality food, music with varied DJ’s and live artists all encompassed in an interesting layout. Offers invite...
FREEHOLD
|
22
|
|
Mar
|
Scunthorpe nightclub up for sale | BUSINESS SALE
A former nightclub based in Scunthorpe has been put up for s...
|
21
|
|
Mar
|
Kent Logistics provider completes a successful acquisition | BUSINESS SALE
A Kent-based personalised logistics provider, backed by Livi...
|
20
|
|
Mar
|
Warrington construction company enters administration | ADMINISTRATION
A prominent construction business headquartered in Orford Gr...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources