Wood Holmes, has undertaken a Management Buy Out (MBO) as part of the company’s ambitious plans for growth.
The MBO has been led by current company directors Stuart Smith, Leigh Sear, Aiden Regan, and Dr Craig Rose, and represents another milestone for a business that has been transformed over recent years into a recognised innovative player in its sphere of operation. Jacki Holmes, one the original founders of Wood Holmes, will remain a key member of the consultancy and management team going forward.
Following the completion of the MBO on the 10th August, which was supported by RHK Chartered Accountants, Hay and Kilner Solicitors and Royal Bank of Scotland, the company has already established a new Singaporean venture, and looks forward to developing further business leads in the buoyant Asian market as well as continuing to grow offices in Manchester and London.
Exiting Wood Holmes Chairman, Alan Holmes, said:
“For some time now, we’ve been thinking about, and planning for, succession at Wood Holmes.
“Over recent years we’ve built up an excellent team of people who have enabled us to transform the business into a serious player in the strategy consultancy arena, and they have contributed massively to our success.
“I’m delighted to have agreed an MBO for the entire business that will see the company we began 20 years ago grow and move forward.”
Chief Operating Officer, Leigh Sear, said:
“We’d like to thank Alan for his leadership and openness to change as we’ve looked to move the business forward. Wood Holmes has changed an incredible amount, from a market research company established in Gosforth twenty years ago, to an international strategy business with blue chip clients and offices in London, Manchester and Singapore.
“We’re a local firm with global expansion in mind, and we’re determined to show the rest of the world that the North East can deliver credible, quality, innovative business services.”
Chief Executive, Stuart Smith, said:
“This is an exciting time for Wood Holmes – a time for change and an opportunity to develop into the kind of 21st Century business that helps clients face the all too real challenges of the modern global economy.
“We’ve been building a strong reputation for innovation and quality in our range of strategic consultancy services across the UK, in Europe and in South East Asia, and with the completion of this buy out, we’re in a stronger position than ever to compete in the global market.”
For further information please contact Tamsin Greulich on 07866 565 457 or Leigh Sear on 0191 211 2999.
