19 January, 2017
Forbes Solicitors has advised on the management buyout of Lancashire-based Graphic Arts UK Limited which trades under the names of Concept4 and Printoff.
Alex Buck, Jane Cleaver and Jason Tomlinson have bought Graphic Arts, which is based on Lomeshaye Industrial Estate in Nelson, from its outgoing owner Allan Buck, who has retired. Allan owned 100% of Graphic Arts, which employs almost 50 staff.
Printoff was formed in 1976 and provides comprehensive printing services to organisations throughout the UK, with versatility across litho presses, digital presses, web-to-print, personalisation and print finishing services, all on site.
Concept4 is a creative marketing and digital agency, boasting experience across education, healthcare and commercial. It provides creative solutions covering all aspects of marketing including branding, websites, apps and video.
Jane Cleaver, Managing Director said, "The business already has many strengths. Supported by the fantastic team we have here and our strong and loyal client base, Alex, Jason and I have some exciting ideas for developing the two trading businesses further and we look forward to rolling these out over the coming months.
Pauline Rigby, Partner and Head of Corporate and Restructuring at Forbes Solicitors, based in Central Lancashire, acted on behalf of all parties in the MBO.
Pauline said, "This was a fantastic deal to work on and Allan has passed the Company down to a great team whom he knows have the skill and knowledge to maximise the growth going forward".
Jason Tomlinson, Finance Director said of Forbes, "Pauline and her team were on hand to guide us throughout this quite complex process, offering both vast experience and practical solutions. As we were doing this kind of deal for the first time this expertise was of great benefit to us and their services come highly recommended".