Scottish adventure tourism outfit completes MBO

Wed, 20 Sep 2017 | MBO/MBI

One of the UK’s leading mountaineering centres, Ice Factor Group, has successfully completed a management buy-out in a deal worth £523,000.

Thanks to a funding deal with HSBC the adventure tourism business, which has its main site located in Kinlochleven, hopes to enable to business to embrace market growth and attract more customers.

Jamie Smith, a keen amateur mountaineer who founded the firm in 2001, has re-acquired a 100 per cent stake in the group. Since 2003, the group has grown by 783 per cent, with annual revenues growing from £484,000 to £4.2 million.

Ice Factor Group encompasses two separate sites at Kinochleven in the Highlands, called Ice Factor, and Snow Factor in Braehead near Glasgow, both in Scotland.

Ice Factor is one of the world’s largest indoor ice-climbing facilities, featuring a 15-metre high indoor ice wall which is encrusted with snow and névé that is one of the most advanced in Europe.

Snow Factor, meanwhile, was originally called SNO! Zone until bought out by Ice Factor in 2011, which features a 200-meter snow slope and a second indoor ice wall.

The group has confirmed that alongside new plans confirmed in the management buy-out it will also operate a new £30 million snow dome in Middlesbrough, which is being constructed as part of a local regeneration project.

Smith said that he hoped the buy-out would allow him and his team to serve customers “with the best snow and ice experiences in the world”.

He added: “The buy-out frees up a significant amount of time for the senior management team and resources that can quickly be reinvested back into further improving the quality of the snow sports experience for our customers across both sites.”


Share this article



Latest Businesses for Sale

Airport Demand & Capacity Consultancy
South East, UK

The Company provides the airport industry with a wide range of capacity and demand consultancy services. The company can analyse, model, forecast and optimise the flow of people, baggage and vehicles throughout the airport environment, from airside t...

Asking Price: Offers Invited
Turnover: £1,309,000

Construction Company
Leeds, West Yorkshire, Yorkshire and the Humber, UK

Highly profitable Family Run Business, that has been in the same hands for over 20 years. Operating out of Leasehold premises the business is easily relocatable, many of the subcontractor workforce has been working with the company for many years. Of...

Asking Price: £1,900,000
Turnover: £1,709,427

LEASEHOLD


Phone & Computer Sales & Repair Business
Liverpool, UK Wide

This is a very exciting high end opportunity with many different income streams from phone, computer, tablet sales and repairs. The business has been trading for 8 years and enjoys a substantial turnover which is derived from shop sales selling phone...

Asking Price: £580,000
Turnover: £390,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
15
 
Nov
 

Carpetright agrees to shareholder takeover deal | BUSINESS SALE

Carpetright has agreed a deal to be taken over by its larges...

 
14
 
Nov
 

Scale manufacturer taken over in MBO | MBO/MBI

Weighing scale manufacturer Marsden Weighing Group has been ...

 
13
 
Nov
 

Brighton energy firm appoints administrators | ADMINISTRATION

Brighton-based utilities company Toto Energy has gone into a...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
15
 
May
 

Logistics recruiters and distributors snaps up Birmingham-based counterpart | BUSINESS SALE

Challenge TRG Group, headquartered in Wigan, has successfull...

 
14
 
May
 

Specialist insurance company in South Wales completes MBO | MBO/MBI

A specialist insurance broker located in South Wales has suc...

 
24
 
Jan
 

Yorkshire engineering firm completes MBO deal | MBO/MBI

A West Yorkshire engineering group has been taken over by th...

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