Blog

From this day forward

July 16th, 2015

We are delighted to announce the publication of a new e-book, commissioned by Graeme Quar & Co to coincide with our 21st anniversary and published as we reach the half-way point within our milestone year.  

ftdf

From This Day Forward focusses on businesses based along the Solent corridor, and seeks to answer questions such as:

  • How much of an appetite have independent companies really got to grow their business?
  • What difficult issues are companies forced to face and address in order to fully realise their potential?
  • What key things do successful companies do to set them apart from their competitors?

The 55-page e-book book, published in association with Decision Magazine, is an insight into the business practices of some of the most successful firms in the southern region, and we hope you will find it an interesting read.

Many of these businesses are, like Graeme Quar & Co, gazelle firms — companies characterised by rapid growth in revenue of at least 20 per cent over four consecutive years — so have a unique insight into how to succeed in business.

We hope you will find the book an interesting read.

Click here to download the e-book free of charge.

On Thursday 23 April 2014 Graeme, Gabor and Richard completed work for the management team of  Williams & Co, the Hampshire based trade-only plumbing and heating merchant, in their buy-out of the company.

We are proud to have been able to assist in seeing this complicated transaction through to a successful conclusion.

The fact that 62% of employees have between them invested £500,000 is a massive vote of confidence in the company and its management.

Williams and Co is an excellent business, with a strong future.

This is quoted from Williams & Co’s website:

Trade-only plumbing and heating merchant, Williams & Co, has been acquired from the Williams family by its management team and staff for an undisclosed sum.

Founder Mick Williams retains a minority share, and will continue as non-executive chairman after the buyout, which was finalised on 23/04/2015.

A consortium of management and staff, led by longstanding executive directors Ray Stafford (MD) and Rachel Moore (FD), put the successful bid together, supported by Nat West and Royal Bank of Scotland who have structured a flexible finance facility secured on receivables and inventory. Professional advice has been provided by Taylor Cocks (accountants) and Quar & Co (solicitors). The consideration includes a mix of cash, equity and loan notes, ensuring that the business retains ample resources to maintain its aggressive trading style and expansion plans.

Outgoing boss, Mick Williams, is enthusiastic about the future. “After four decades at the helm, there was always going to be a moment when I took a less active role, and I am delighted that this solution permits the company to retain its unique character and values.”

Managing Director, Ray Stafford, commented: “Rachel and I are overwhelmed by the incredible buy in from the management team and staff. 62% of the staff have invested nearly half a £million of their own money to own a slice of their future and demonstrate their commitment to the business. It’s a huge expression of support and belief from everyone involved. Words can’t express how proud we are to lead such a fired-up team, or how fortunate we are to retain Mick’s matchless experience in the boardroom.”