Mail order firm completes successful MBO

Mon, 07 Dec 2015 | MBO/MBI

A successful MBO has been completed by the management of Kingstown Associates Ltd, a mail order firm based in East Yorkshire.

The company owns several lifestyle brands which are primarily aimed at the over-60s market and boasts a turnover of £18 million recorded last year thanks to its core business and its services to third party clients and other photography, print, buying and design services.

The company has exchanged hands from its current owners Nigel Mellor and David Whittle to the management team of Jody Allan, Wayne Barry and Paul Chambers. Mr Mellor, the existing managing director, will continue in his role, while David Whittle will retire from the company.

Mr Mellor commented on the MBO: “I've worked with the new team for a number of years during which time they have gained experience of the business and the sector in which we operate. Together we're looking forward to continued growth and success.”

Funding for the buyout was provided by HSBC. The purchasing team worked with Shulmans, while legal advice was provided by Bond Dickinson. The vendors worked with RSM's corporate finance team in Yorkshire.

Steve Hubbard, corporate finance director with RSM, noted that his team advised Mr Mellor and Mr Whittle when they acquired the business seven years ago and that they are delighted to have seen the business strengthen over that time and now see it look on to future success.


Find a business for sale


Share this article



Latest Businesses for Sale

Extensive Range of Catering Equipment, Furnishings & Wet Stock (Fast Sale)
UK Wide

Viewing: Wednesday 27 February 2019 between 10am and 3pm. Closing From 10am Friday 1 March 2019.

Asking Price: Offers Invited
Turnover: £500k - £1m

Tyre Services
Fakenham, Norfolk, UK Wide

Tyre specialist offering commercial and agricultural tyres. Major Tyres Ltd with Hankook performance tyres. Offers invited.

Asking Price: £299,950
Turnover: £380,000

LEASEHOLD


Tyre Garage
Midhurst, West Sussex, UK Wide

Busy vehicle tyre changing business, which is in a prime trading location in Midhurst, West Sussex. The business was established by our clients in 1984. Only now is the business being offered to the market, due to our clients’ desire for a well-deser...

Asking Price: £399,995
Turnover: £336,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
21
 
Feb
 

Lakeside hotel enters administration | ADMINISTRATION

A historic but well-preserved hotel located on the banks of ...

 
19
 
Feb
 

Pharmaceutical manufacturer enters administration | ADMINISTRATION

A pharmaceutical manufacturing company based in Bristol has ...

 
16
 
Feb
 

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