The Edge January 2012
6
INSIDE THIS ISSUE: Dates for Your Diary 2 Business Growth Hub 2 Client Profile: Madhouse 3 Featured Event: Protecting Your Business 4 Charity of the Year 5 Budget Live! 5 Contact Us 6 The Edge January 2012 Issue HURST advise on Selwyn’s acquisition of Haytons NORTH WEST based coach company Selwyns has acquired Haytons of Manchester in a move that signals ambitious plans to increase turnover by 50 per cent in the next 12 months. On 1st December Selwyns, headquartered in Weston, Runcorn, acquired the £4m turnover Gorton based business as part of its strategic plans to grow its North West client base. The deal sees Selwyns take on nearly 70 staff including the existing managing director Barry Hayton, his management team, drivers and engineers as well as the fleet of 25 coaches. The existing Haytons Manchester depot will remain as the main operations centre to be controlled as a separate division of Selwyns. Selwyns has been established for over 40 years and operates private hire coaches and buses providing contract services to many local authorities and blue chip clients including National Express, Barclays and Emirates. North West accountancy firm HURST brokered the deal. It has been advising Selwyns for the past ten years. Selwyn Jones, Managing Director of Selwyns, said: “It was clear from the outset that Selwyns and Haytons had good synergies and the takeover has followed a smooth transition process. From a client point of view, all business will operate as usual so there will be consistency and no disruption to service. I‟ve always respected Haytons, and it‟s fantastic to have the Haytons name along with Barry and the team at Gorton in our armoury. “Although it‟s been a tough climate for the past couple of years, our strong base has enabled us to grow and take advantage of opportunities the competition has been unable to fulfil. I‟ve got my eye on some interesting deals and new markets to enter over the next 12 months and we are all excited by the possibilities for the business.” Corporate Finance Partner at HURST Nigel Barratt advised on the deal. He said: “The acquisition is a strategic move by Selwyns to grow the business and together we‟ll be actively looking at further opportunities in the New Year. The deal gives Selwyns two operational platforms to grow from allowing it to cover the entire region. Selwyns is an example of an ambitious, well established North West business that HURST is proud to be associated with it.” The acquisition brings the total staff count to 250 people working across three bases in Runcorn , Manchester and St Helens. The business was founded in 1968 by the late Robert Alun Jones, father of Selwyn Jones. In 1979 it acquired Yates Tours and in 1984 opened a base at Manchester Airport. It went on to acquire Starline Travel in 1996 and Hardings Tours of Liverpool in 2006.
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Monthly newsletter from HURST contaning company, client and financial news.
Transcript of The Edge January 2012
I N S ID E
T H I S I S S U E :
Dates for
Your Diary
2
Business
Growth Hub
2
Client
Profile:
Madhouse
3
Featured Event: Protecting Your Business
4
Charity of
the Year
5
Budget Live! 5
Contact Us 6
The Edge January 2012 Issue
HURST advise on Selwyn’s acquisition of Haytons NORTH WEST based coach company Selwyns has acquired Haytons of Manchester in a move that signals ambitious plans to increase turnover by 50 per cent in the next 12 months. On 1st December Selwyns, headquartered in Weston, Runcorn, acquired the £4m turnover Gorton based business as part of its strategic plans to grow its North West client base. The deal sees Selwyns take on nearly 70 staff including the existing managing director Barry Hayton, his management team, drivers and engineers as well as the fleet of 25 coaches. The existing Haytons Manchester depot will remain as the main operations centre to be controlled as a separate division of Selwyns. Selwyns has been established for over 40 years and operates private hire coaches and buses providing contract services to many local authorities and blue chip clients including National Express, Barclays and Emirates. North West accountancy firm HURST brokered the deal. It has been advising Selwyns for the past ten years. Selwyn Jones, Managing Director of Selwyns, said: “It was clear from the outset that Selwyns and Haytons had good synergies and the takeover has followed a smooth transition process. From a client point of view, all business will operate as usual so there will be consistency and no disruption to service. I‟ve always respected Haytons, and it‟s fantastic to have the Haytons name along with Barry and the team at Gorton in our armoury. “Although it‟s been a tough climate for the past couple of years, our strong base has enabled us to grow and take advantage of opportunities the competition has been unable to fulfil. I‟ve got my eye on some interesting deals and new markets to enter over the next 12 months and we are all excited by the possibilities for the business.” Corporate Finance Partner at HURST Nigel Barratt advised on the deal. He said: “The acquisition is a strategic move by Selwyns to grow the business and together we‟ll be actively looking at further opportunities in the New Year. The deal gives Selwyns two operational platforms to grow from allowing it to cover the entire region. Selwyns is an example of an ambitious, well established North West business that HURST is proud to be associated with it.” The acquisition brings the total staff count to 250 people working across three bases in Runcorn , Manchester and St Helens. The business was founded in 1968 by the late Robert Alun Jones, father of Selwyn Jones. In 1979 it acquired Yates Tours and in 1984 opened a base at Manchester Airport. It went on to acquire Starline Travel in 1996 and Hardings Tours of Liverpool in 2006.
Page 2
The Edge
Breakfast Seminars We‟ve got a busy couple of months coming up in our events programme, put these in your diary so you don‟t miss out on any of our FREE breakfast seminars. HURST HR Update 19th January 2012, 8:00-9:30 FRSME (Financial Reporting Standard for Small & Medium Entities) 1st March 2012, 8:00-9:30 Buying a Business: The Keys to Success 17th May 2012, 8:00-9:30 All of our breakfast seminars are held at our Stockport office. For more information about any of the above or to book your place please visit our website www.hurst.co.uk/events or call Jo Flynn on 0161 477 2474.
Business Growth Hub
We are delighted to be involved as a partner in new initiative the Business Growth Hub. The Hub is a community for growing businesses of all sizes in the Greater Manchester and North West area. It is there to support and connect companies who want to grow their bottom line, share experience, develop their profile, find partners or create new business growth.
The partner network, of which HURST are part of, are members committed to helping businesses grow. All partners are there to advise and supply premium
services to businesses on a wide range of topics. Partners include business mentors, coaches, banks and finance providers, universities, innovation specialists, lawyers, marketing agencies and many more. The Hub will be recruiting members , assessing their needs, identifying their barriers to growth and enabling them to get the right help and support they need to grow. If you think the Hub is something you and your business could benefit from then visit www.businessgrowthhub.com or contact [email protected] for more information.
Page 3 January 2012 Issue
Client Profile– Madhouse This month we would like to introduce you to one of our newer clients, Integrated Marketing Communications Agency, Madhouse.
Joint Managing Directors Peter Craven and Phil Rogerson first met in 1996 when working for Sony Playstation in Liverpool, 3 years later Madhouse was born at Chester Business Park. After 9 months , the business quickly moved to Manchester and 2 months ago the now 27 strong team moved into a high spec new office on Deansgate signifying Impressive growth for the business.
Location isn't the only thing that‟s changed for Madhouse since its creation in 1999. Starting life as a computer game specialist, using Peter and Phil‟s expertise from Sony, clients can now be found in the automotive, financial, property, construction, retail, telecoms and pharmaceutical sectors, boasting a wide reach portfolio.
As with the majority of businesses working in the marketing sector, the shift from print to digital over the last few years has been unavoidable. Madhouse‟s digital offering is expanding with a lot of work moving into animation. This move to digital has also resulted in an expansion in social media services for clients, helping them to use LinkedIn, Twitter,
Facebook, blogs etc to their full advantage
“Good marketing is underpinned by good planning and understanding objectives before putting pen to paper”, argues Peter Craven. This philosophy can be seen in every project undertaken by Madhouse through mixed planning sessions run by the Planning Team, ensuring they have a full understanding of clients‟ needs before producing any work.
This strategy highlights what Peter refers to as a “thought leadership approach in marketing”. This can also be seen through Madhouse‟s educational seminar programme available to clients and prospects, the most recent exploring “The Future of Digital”.
Interestingly, 60-70% of Madhouse‟s sales are overseas. They have been the main supplier of marketing services to Toyota Europe After Sales for 10 years and also have clients based in New York and Germany. Another international client Motorola Europe have been working with Madhouse since it all began in 1999.
Please feel free to contact Madhouse to find out more about what they do and how they could help you and your business:
Peter Craven [email protected]
Madhouse Associates 196 Deansgate Manchester M3 3WF
0161 819 6600
www.madhouseassociates.com @madhousehq
Page 4
The Edge
Protecting your Business in Uncertain Times JMW, Pareto Financial Planning, HURST and Caunce O'Hara have extensive experience in the fields of legal protection, wealth
management and protection, accountancy and corporate finance and insurance protection for businesses and know the challenges and solutions for protecting your business and the wealth tied up in it, in these current uncertain times.
This free seminar will cover how you and your business can benefit from:
Not risking it- your businesses contracts Not losing control- getting shareholders agreements right Planning your exit- getting it right Protecting your financial interests Protecting your business resources Speakers will include Chris Moss, Partner and Head of Corporate at JMW; Elaine Roche, Partner in Private Client at JMW; Stuart Carswell, Senior IFA at Pareto Financial Planning; Adrian Stewart, Business Development Executive at Caunce O‟Hara and Nigel Barratt, Corporate Finance Partner at HURST. Event details: Thursday 26 January 2011
4.30pm Registration and refreshments 5.00pm Seminar starts 6.15pm Seminar finishes followed by drinks and networking
Location JMW 1 Byrom Place Spinningfields Manchester M3 3HG To register your place at this free seminar please email your name, job title, company, address, email and the names of any colleagues that wish to attend to [email protected].
Featured Event
Page 5 January 2012 Issue
News from our 2012 Charity of the Year
Date for your diary The Budget Live!
Now in its 5th year HURST‟s Budget Live! Is the must attend live budget event for entrepreneurs. For the 2012 event we are joining forces with the Greater Manches-ter Chamber of Commerce to host our biggest „Budget Live!‟ yet.
150 entrepreneurs will be watching the Chancellor‟s budget live on 21st March, at Lancashire County Cricket Club‟s conference and events centre The Point, then hearing instant reactions from our panel of experts and professionals. Panellists al-ready confirmed are Dr. Brian Sloan, Chief Economist at the Greater Manchester Chamber of Commerce; Clive Memmott, Chief Executive of the Greater Man-chester Chamber of Commerce and; Mark Mills, entrepreneur and Chairman of HURST.
Don’t miss out!
To book your place email [email protected] or call 0161 477 2474.
If you would like to make a difference and do some fundraising activity for Beechwood then they would love to hear from you! Beechwood can help by arranging posters or tickets and organising publicity for any events you put on. For more information on becoming a fundraising volunteer or if you would like to organise a Fundraising Event email [email protected] or telephone 0161 476 0384.
Contact Us
Please feel free to get in touch to discuss anything you have seen in this issue of The Edge or any of the services we offer.
Becca Rawcliffe Email: [email protected] Tel: 0161 477 2474
HURST Centurion House 129 Deansgate Manchester M3 3WR Tel: 0161 477 2474 Fax: 0161 830 2187 Email: [email protected]
HURST Lancashire Gate 21 Tiviot Dale Stockport SK1 1TD Tel: 0161 477 2474 Fax: 0161 476 4423 Email: [email protected]
HURST 133 Houndsditch London EC3A 7AH Tel: 020 7997 6482 Fax: 020 7997 6100 Email: [email protected]
www.hurst.co.uk
Follow us on Twitter! @Hurstaccountant
