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News, Views & Matters of InterestNews, Views & Matters of Interest

UK businesses are prospering despite Brexit uncertainty!

According to a survey conducted by the Institute of Chartered Accountants in England and Wales, companies’ finances are in increasingly good shape, with profits and exports growing at their fastest pace since before…

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Manufacturers report growth acceleration and increased optimism

The purchasing managers’ index for October, based on a survey conducted by HIS Markit, indicates continuing growth in the UK manufacturing sector. In addition, increased confidence and the fact that manufacturers have…

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Latest News on Business Funding (November 2017)

Graham Jones at Mendip Business Finance says :- We are currently witnessing a more positive attitude from lenders towards the business sector encouraged by the Bank of England announcing a new “Term Funding Scheme”…

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Taunton – the only new ‘garden town’ in the South West

Earlier this year the government named Taunton as the only new garden town in the region. Now, the town’s status as one of the UK’s new garden towns has boosted by its council’s approval of two development…

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£500m fund to help businesses to improve productivity via investments in new technology & equipment

Lloyds Bank Commercial Banking has just launched a £500m growth fund to provide asset finance which will enable firms to buy capital goods and spread the cost over their lifetime. This, of course, will eliminate the…

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Financial help available to enable SMEs to export

UK Export Finance – the UK government’s export credit agency – provides flexible finance solutions to UK exporters, thereby ensuring that no viable UK export fails for lack of financial support. This should…

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£1.8m funding available to help Gloucestershire SMEs increase apprenticeships

Stroud and South Gloucestershire College and its partners Gloucestershire Enterprise Ltd., the University of Gloucestershire and Gloucestershire College will be funded to assist Gloucestershire based SMEs, which have 250…

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Funding support to help SMEs with export trade

Government-backed trade finance is to be made available – through UK Export Finance (UKEF) in partnership with five major high street banks – to help small to medium-size businesses to sell overseas. This financial…

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£5m funding to help technology sector SMEs in South/South West to grow

The Connecting Capability Fund (CCF) has awarded £5m to SETsquared, a partnership between the universities of Bath, Bristol, Exeter, Southampton and Surrey. The project will concentrate on advanced engineering and…

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Bid to establish a spaceport in Cornwall receives real boost!

Strong interest from potential investors, following a trade mission to the USA, has provided significant support to the Cornwall and Isles of Scilly LEP’s bid to establish a spaceport at Cornwall Airport Newquay. If…

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HMRC offer tax support to growing businesses

A news bulletin issued today by accountancy firm Simpkins Edwards, communicates the following message :- “According to HMRC there are approximately 170,000 mid-sized businesses registered in the UK. The businesses…

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Bristol’s SMEs contribution to the UK economy expected to grow by 23% by 2025

According to research conducted by Hampshire Trust Bank in partnership with the Centre for Economics and Business Research, small and medium-sized enterprises (SMEs) in the UK’s top ten cities are expected to increase…

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Britain’s dominant service sector continued expansion helps maintain UK’s economic growth

The purchasing manager’s index (PMI) from HIS Markit improved in September to 53.6 (up from 53.2 in August) – any score above 50 represents growth and so this, therefore, confirms steady growth. Not only did…

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£200m funding programme to support loans up to £5m to UK SMEs

ESF Capital and its operating subsidiary ThinCats have launched a £200m funding programme which is to be focussed on growing SME companies in order to assist them with funding for small business expansion and acquisitions.…

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North Devon businesses urged to bid for a share of £200m funding scheme

Businesses in north Devon are being encouraged to bid for a share of a £200 million funding scheme for projects in rural England. For more information on this government backed programme please read the article below…

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SME manufacturers increase output at fastest rate in 7 years!

The CBI’s latest quarterly SME trends survey discovered new orders continuing to rise in the three months to July 2017 and export orders growing at their highest rate since April 2011. Employment also increased and…

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ONS reveals : Households better off during 2016/17 financial year

An interesting and thought-provoking set of figures for the 2016/17 financial year has just been released by the Office for National Statistics (ONS), details of which can be seen below in an article which appeared in The…

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UKEF funding supports South West companies to secure £41m in overseas sales

South West companies secured overseas sales worth £41m, supported by £3.2m from UK Export Finance according to its’ latest annual report and accounts for 2016/17. For further information on this encouraging…

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Deals worth £2.7bn completed in last 4 years between South West SMEs and corporates

According to research by Bond Dickinson, deals worth more than £2.7bn have been completed between South West SMEs and large organisations during the past four years – in total 208 deals were recorded during the…

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SMEs expanding faster than ever!

Small to Medium size Enterprises (SMEs) are Britain’s fastest-growing companies and their average annual rate of expansion has risen to 70% - up from 50% a year ago – according to findings published by the London…

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Businesses leaders in West of England voice hopes following election of first mayor

Business leaders in the West of England Combined Authority area have set out their aspirations for their area following the election of Tim Bowles as its first mayor. Some of these many and varied hopes are included in the…

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Election of the first mayor for West of England Combined Authority is part of £1bn+ devolution deal

The new elected mayor for the West of England Combined Authority – which covers the Bath & North East Somerset, Bristol and South Gloucestershire authorities – is part of a £1 billion+ devolution deal.…

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Manufacturing growing at fastest rate since 1995!

The Uk’s factory output has increased at its fastest pace in two decades according to a survey from the Confederation of British Industry (CBI), whilst export orders increased at their fastest rate since 2011. In addition,…

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Cornwall & Isles of Scilly LEP in talks over spaceport investment

It has been revealed that Cornwall and Isles of Scilly Local Enterprise Partnership (LEP) is in talks with four potential investors to bring forward the UK’s first commercial spaceport. The LEP is leading Cornwall’s…

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South West employment creation at 18 months high level

Employment opportunities are being created in the region at the fastest rate for 18 months, according to a report based on the latest Lloyds Bank UK Regional PMI survey. This underlines the overall improvement in economic…

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The technology boom in Devon is set to create over 2,000 jobs in next 8 years!

Small to medium size businesses, in particular, are expected to benefit greatly from the anticipated ‘tech boom’ in Devon during the next eight years – according to Dr. Sally Basker at Exeter Science Park.…

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SOLD : Devon based Outdoor Experience bought by Somerset firm - the A38 connection

For anyone travelling along the A38 between Plymouth and Exeter the name of Outdoor Experience is probably well known. Initially trading from a site adjacent to the dual-carriageway at Ashburton and, more recently from a…

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£700m fund to support SMEs in South West

It was good news to learn that HSBC has launched a £200m fund which is set to support ‘small and medium sized enterprises’ (SMEs) in the South West region. For the full story please read the bulletin below…

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SOLD: Franchise territory sale

Franchise territory sale appeals to people looking to be their own boss but have franchisor support  The commercial property cleaning specialist firm, Betterclean was established in the Plymouth area in 1995 and then…

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SOLD : New Owners and New Products but Familiar Faces at Hard Landscaping Business

Country Garden Patio Centre Ltd. based in Clyst St. Mary near Exeter was established in 1986 by John Folan and secured a first class name and reputation supplying quality paving, garden sheds and other hard landscaping materials…

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SOLD : Business Expansion by Acquisition Provides Added Geographic Coverage

W.T. Endacott of Okehampton was established circa 1885 and remained in the same family ownership, covering four generations, until a recent sale to allow the owners to retire. Founded in South Zeal the business relocated…

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Westcountry rural & tourism businesses get chance to bid for £12m funding for job creating projects

The European Agricultural Fund for Rural Development fund is now available to support projects that increase rural jobs, growth and productivity in the Heart of the South West. For more information regarding this opportunity…

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£4.7m fund launched to boost Cornish businesses

More than 100 business leaders attended the launch (in Wadebridge) of Future Focus – a new programme designed to help Cornish businesses to grasp opportunities for growth. For more detail please read the article below…

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Cornwall’s space race bid given £10m boost from central government

Plans for a spaceport near Newquay – backed by the Cornwall and Isles of Scilly Local Enterprise partnership – could be in the running to become the UK’s first spaceport by 2020. The Government is inviting…

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Britain’s manufacturers more positive about prospects than at any time in last two decades!

A Confederation of British Industry’s trends survey indicates that manufacturers are feeling more positive about the industry sector’s prospects than they have for twenty years. For the full picture, please read…

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Cornwall has been catapulted to the forefront of the digital revolution

There are nearly 700 tech companies in Cornwall and they are expanding and recruiting at an extraordinary rate, fast turning the county into the Britain’s new ‘Silicon Valley’ (according to the 2016 Tech…

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Upgrading of key Somerset road should reduce congestion and speed up journey times

A £170 million investment is set to be made in upgrading the A303 between Sparkford and Ilchester and 30 miles of dual carriageway between Mere and South Petherton. This forms part of an investment of more than £2bn…

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£25m funding boost for South West space sector bid

The University of Exeter has signed a Memorandum of Understanding with Space Net Ventures based with the aim of raising £25 million to support ventures in the space, satellite technology and internet of things sectors.…

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SME manufacturers have remained resilient and are optimistic despite Brexit uncertainty

The National Manufacturing Barometer has found that 57% of the 270 companies surveyed had recorded an increase in sales during the last 6 months. In addition, about 2/3 are expecting revenues to rise again during the first…

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SME businesses in Cornish marine industry set to benefit from a £770k project boost

Propel Cornwall will be conducting a series of information sessions over the next few weeks to introduce a new project designed to help small and medium size businesses in Cornwall’s marine sector to become more competitive…

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Virtual Reality to become the top trend for South West tech innovators

A survey of businesses throughout the region, conducted by Tech South West, has disclosed the newest developments that will be leading the way during 2017 and revealed high levels of optimism in the sector. For the full…

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SOLD : Somerset Businessman Acquires New Business and Relocates

Forgecraft of Cheddar, Somerset has recently been acquired by Richard Hooper who has relocated his existing operation into the Forgecraft base. Forgecraft was founded in 1980 by Greg Anniuk and a former business partner…

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Free support & guidance to help Cornwall’s businesses to grow

Growth Hub on the Road has been commissioned to provide a grassroots outreach programme within local communities in Cornwall. The free to all businesses programme will include various events and workshops to provide a wide…

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SOLD : Stock Valuation Business

Established in 1994 by David Rogers, under whose name the business was operated, the business provides professional stocktaking services to clients in the retail sector across The South West. Valuations are carried out to…

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SOLD : Blackdown Environmental joins with NBC Environment to extend ecological service provision

Devon based Blackdown Environmental has completed a strategic merger with NBC Environment to extend its portfolio of ecology services across the UK. The deal will strengthen NBC Environment’s consultancy and…

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Action plan to make the UK’s South West region a world leader for innovation

Tech pioneers are to form an action plan following a meeting in Exeter on 25th January 2017 of more than 80 members from Cornwall, Devon, Somerset and Bristol to discuss the key objectives and priorities. For the full story…

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SOLD : From Coffee to Cleaning!

Former business owner of Otterton Mill takes on a new challenge. Caroline Spiller, former co-owner of Otterton Mill, has recently taken on a new business challenge, with her purchase of a commercial cleaning company. …

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SOLD : North Devon businessman acquires a further sporting activity based business

South West Shooting School based near Ilfracombe has recently been acquired by Carl Robinson. Having moved from Manchester Carl, bought Riverton Lakes and Holiday Cottages in 2012. He had been working on improving the coarse…

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Former Outdoor Experience land available for residential redevelopment (June 2016)

Beardsley Theobalds and joint sole agents Waycotts Commercial are seeking expressions of interest from developers for the freehold on a 0.724 hectares site (approximately 1.79 acres) adjacent to the A38 Expressway at Ashburton…

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COMING SOON - Antiques Showrooms & Reclamation Yard Business For Sale - Devon (June 2016)

Long established Very well known and extremely popular Retail, wholesale and export business Turnover in excess of £400,000 Gross Profit circa 70% Stock (at cost) circa £0.5m…

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South West SMEs more confident than those in any other UK region

According to a recent survey conducted by Bibby Financial Services, small and medium-sized enterprises (SMEs) in the South West have the highest level of confidence across all UK regions with 52% expecting sales to increase…

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UK businesses seemingly impervious to uncertainty over Brexit referendum!

Britain’s businesses are seemingly undaunted by the impending referendum on our EU membership. In fact, according to a major survey recently conducted by the CBI, the UK’s private sector is expecting a sharp…

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SOLD : Engineering Business : Design and Manufacturing of Measuring Equipment.

Seiche Furthers Expansion with Acquisition of Ashridge Engineering of Okehampton. Ashridge Engineering was established in 1975 and was acquired in 1993 by Alan Orchard who had been an employee of the company. Ashridge Engineering…

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SOLD : Supply/Installation, Servicing/Repair of Oil-Fired Boilers, Central Heating Systems/Oil Tanks

Business Expansion by Acquisition Provides Added Geographic Coverage Oil Services South West, based near Okehampton, was established in 1994 by Alan Oram and his wife Christine offering the supply and installation, servicing…

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SOLD: Westcountry Timber Manufacturing Business

Westcon Products Ltd. of Buckfastleigh - Under New Ownership. The business was established in 1994 by John Hall and Peter Caunter. They developed the business into a major supplier of components to the bed and upholstered…

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SOLD: Hullabaloo Soft Play Centre

Hullabaloo was established in July 2013 by Patrizia Chappell when she, as a parent of two young children, saw a gap in the market for a play centre in Shepton Mallet. When an ideal premises became available she jumped at…

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SOLD: Exeter Laundry and Dry Cleaning business

Kenjo Laundry and Dry Cleaners was established in Sidwell Street, Exeter in the early 1980s and since 2002 was in the ownership of Julie Rice. The laundry occupies a prominent corner site which offers an excellent position…

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SOLD : Global Interest in Cornish Self Storage Business (May 2015)

Self storage first came to prominence during the 1960s in America and has become an economically resilient industry in the UK as demand for storage space increases. Self storage provides consumers with their own secure space…

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INCREASINGLY, MORE BUSINESSES ARE BEING OPERATED FROM HOME, BUT WHY?

In recent years more and more people have considered business ownership in preference to working for other people and many have acted on this desire. At the same time there has been a growing trend in the appeal of working…

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SOLD: Eveleighs Garage Services

Friday 13th can bring good fortune ! Eveleighs Garage Services  was established in Exeter in 1936 and was originally situated at the top of Sidwell Street and Ackland Terrace. John Payne purchased the business…

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SOLD: Devon commercial laundry business

Exmouth Laundry Services was established in 1973 and acquired by Lindsay and Teresa Norris in 2008 and provides a domestic and commercial laundry and dry cleaning service. As the business has evolved the commercial element…

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Why are more and more people buying going-concern businesses?

We at Beardsley Theobalds have experienced a considerable increase in the number of people looking to buy businesses this year and this is resulting in increased sales. Over the years it has not always been possible to readily…

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SOLD: Devon Manufacturer of shop fronts, entrances, commercial windows, curtain walling, etc.

Plym Valley Manufacturing was established in 1982 by Michael Pengilley and Tony Horswell. The business manufactures features for commercial buildings such as shop-fronts, entrances, automatic doors and windows using aluminium.…

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SOLD: Removals and Storage Business

A1 Removals & Storage was established in 1982 and acquired by Gary Haley in 2002. He took pride in offering an efficient, friendly and professional removals and storage business operating from his home near Exeter. Gary…

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SOLD: Property conversions and adaptations for disabled people

M.W. Gozna Services, based near Exeter, was founded in 1979 by Mike Gozna as a business undertaking general building work alongside plumbing and heating. Over the years the business evolved becoming a specialist in adapting…

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SOLD: Lappa Valley Steam Railway Tourist Attraction

You may have recently heard about the sale of the above Westcountry business through the industry or via our press release. A good deal of interest was attracted to this business (well over 300 responses to our advertising)…

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Are people buying businesses now? (January 2014)

If I had been answering this question during the early part of last year I would have said "yes, but not that many". However, since then the situation has changed significantly and during the second half and, in…

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What's the attraction for people looking to own a business in the West Country? (October 2013)

Well that’s an easy question to answer I hear you say. It’s obviously the fantastic scenery, wonderful countryside and impressive coastline. It’s the leisure facilities and the more favourable climate.…

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SOLD: Bicycle, canoe and kayak hire

Saddles & Paddles, the popular leisure business situated on Exeter's historic quayside, has changed hands. The business (whose name explains all!) was established in 1992, offering locals and visitors a chance to cruise…

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Is your New Year resolution to sell your business? (January 2013)

If you are thinking of selling in the relatively near future – say later this year or within the next year or two – now is a good time to consider your options. You need to carefully plan your exit from the business…

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SOLD : Fire and Flood restoration business

Storm clouds and silver linings. Substantial business in Fire & Flood Restoration work - Devon. Rainbow International is a business that delivers restoration services following fires and floods to commercial and residential…

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SOLD : Distributor of precision made clocks and weather instruments

New Hands for the Clock and Environmental Measurement Business. The business of Fine Carriage Clocks (now known as F.C.C.) was established around 35 years ago and supplies precision made clocks and weather instruments and…

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SOLD : Somerset fasteners & engineering supplies business sells to local husband & wife team

Western Bolt & Engineering Supplies, the business that claims to have the largest range of industrial fasteners and fixings in the South West, has changed hands. The business was established in Taunton in 1985 by Barrie…

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SOLD : Gloucestershire Domiciliary Care Business Changes Hands (July 2012)

St. Vincent’s was established in Gloucester in 1986 by John and Kay Burris initially as a nursing agency but evolved to provide both nursing and domiciliary care and then more recently concentrating purely on domiciliary…

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SOLD : Great Appetite for Organic Fudge Business (May 2012)

Over 20 years ago Richard Dennison established a fudge making business operating from his home and sold his fudge, alongside ice cream at his local market and from a mobile stall in Exeter city centre. Over time he came…

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2012 Brings New Life to the Business Transfer Market (March 2012)

Although the start of each new year tends to bring with it a flurry of increased activity this usually diminishes somewhat within a relatively short space of time. However, this year is different and we have noted that the…

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SOLD : Combined Minibus and Garage Business Changes Hands After 23 years (March 2012)

Allens Travel was established in St. Austell in 1988 by Terry and Carolyn Allen and they built up a fleet of eight minibuses specialising in the provision of transport services to both adults and children with special needs.…

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SOLD : Vehicle Dismantling Business Sold to A South West's Leading Waste Management Company

South West business transfer agency Beardsley Theobalds are pleased to announce the recent sale of "Chris Davey Car Parts" which has been acquired by South West Metals & Waste Recycling Ltd. In addition to…

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Will your business be ‘Fit for Sale’ when the time comes for you to sell it? (October 2011)

We have always given advice to business owners that they need to formulate a strategy for their ultimate exit from their business and spend time preparing or grooming the business for sale. Such planning and preparation…

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Is Your Business Fit For Sale? (October 2011)

Advice to business owners is always – plan your exit from the business well in advance. Groom the business to maximise its saleability. Choose the timing with care. Unfortunately, while most people accept the sense…

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Bees Gather Around the Business Honey Pot (September 2011)

They say that the business transfer market has been, for some time now, a bit like the curate’s egg – good in parts. Since the recession took hold in late 2007 this has certainly been the case and there are certain…

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So, what’s the business transfer market like at this time? (August 2011)

This is a question we are constantly being asked, especially by business owners who have been contemplating the idea of selling their businesses. The short answer is : It’s a bit like the ‘curate’s egg’…

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SOLD : Sale of Distributor of Trailer Parts & Towbar Electrics Attracts Interest from Near & Far

Line 1 was established in 1985 and was acquired by Michael Strange in 1997 and the business operates from the Ferndown Industrial Estate in Wimborne, Dorset. Stocking and distributing a comprehensive range of towbar electrics…

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SOLD : Long Established Bespoke Shop Fittings Manufacturer Sells to New Owners (January 2011)

Dymond Engineering was established in 1981 by Colin and Alison Dymond and has grown to a £1m+ enterprise employing 15 people. The company designs and manufactures high quality shop fitting and point of sale display…

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SOLD : Long Established Hard Landscaping Business Sells To Younger Hands (November 2010)

H. A. Hoskin & Son of Exmouth is a hard landscaping business specialising in natural stone walling, brick paved drives, slab patios, fencing, decking and water features. It was established in 1960 and, upon the death…

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Where on Earth are all the business buyers coming from? (October 2010)

During this year to date there has been a very noticeable increase in enquiries for businesses being offered for sale in the Westcountry from prospective buyers living abroad. Moreover, and much more significant, growing…

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SOLD : Family Owned and Run Tyre Supply and Fit Business Bought By Local Family (August 2010)

Treads Tyres of Torquay has recently been purchased a local family with Beardsley Theobalds, the specialist business transfer agents, having acted for the vendors. Established in 2000 by husband and wife, Philip and Janet…

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SOLD : Cornish Agricultural Machinery Business Bought By Expanding Local Company (August 2010)

Christian Smith Agriculture of Doublebois, Liskeard has recently been purchased by B & B Contractors of Gunnislake with Beardsley Theobalds, the specialist business transfer agents, having acted for the vendors. Established…

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Lack of Businesses Available to Satisfy Increasing Buyer Demand! (April 2010)

Yes – it’s a fact. Increasing numbers of people are now wanting to buy businesses, especially in the industrial, commercial and services sectors. However, they are facing an acute shortage of quality businesses…

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Beardsley Theobalds - Home

48 Queen Street, Exeter, Devon, EX4 3SR
Tel: +44 (0)1392 253071
Fax: +44 (0)1392 422093
Email: info@beardsleytheobalds.co.uk