Tue, 31 Jul 2012 | BUSINESS SALE
Gold dealer Jewellery Quarter Bullion has appointed Grant Thornton to assist in exploring sale options, The Telegraph reported.
The firm is behind Bullion By Post, which is the largest internet dealer of gold and silver in the UK. A sale would enable the founder to continue his quest for international expansion and also to carry on meeting savers’ taste for buying physical gold and silver bars and coins in the UK.
Jewellery Quarter Bullion purchases bullion from traditional dealers and sends it on to retail investors the next day. In its first year Jewellery Quarter made £6 million in sales and pre-tax profits of £20,000. In the year ending April 2012 it reported sales of £55 million with a pre-tax profit of £1.5 million.
The business has thrived amidst growing demand from customers who are concerned about the safety of keeping their money in bank accounts - due to the economic downturn.
Founder Rob Halliday-Stein started the firm in January 2009 with £10,000, as a way of addressing a difficulty with buying physical gold after inheriting money after his mother’s death.
Increased funding would help the business to boost its expansion and bring in a larger management team, Mr Halliday-Stein told the Sunday Telegraph.
For sale is a long-established tree surgery and arboricultural services business with an excellent reputation, serving both domestic and commercial sectors across Southern England, including the Home Counties and London.
An opportunity has arisen to acquire a mechanical engineering company specialising in the Water Industry. Benefitting from over 3 decades of trading, this business has built a solid and long standing client base comprised of prominent UK utility comp...
An opportunity has arisen to acquire a reputable IT support and development services provider with a UK-wide client base and a proven record for innovation and resilience in the constantly evolving IT sector. Throughout its 25+ year trading history,...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.