Fri, 17 Jul 2015 | MBO/MBI
Welsh company Beaufort Research has undergone a successful management buyout (MBO).
The Cardiff-based business provides marketing and social research services. It was established in 1984 and has worked with clients including BBC Wales and the Welsh Government.
Fiona McAllister, the managing director of the company, has bought out the business with Chris Timmins. They have both been running the company since 2007 when its founder Peter Stolle retired.
A statement from Ms McAllister, reported by Daily Research News Online, confirmed that the team aim to continue to grow the business: “We've built up an excellent reputation over the last thirty years and have many loyal and satisfied customers who value the knowledge and expertise of the Beaufort team...
“We have a sixteen-strong team at our Cardiff headquarters as well as hundreds of field staff based throughout the UK. While Wales is a key market for us and we can offer a seamless bilingual service, we also plan to expand our client base in the rest of the UK.”
The MBO was made possible thanks to a £220,000 loan from Finance Wales and funding from Bibby Financial Services. Finance Wales was set up by the Welsh Government in 2001 to help provide SMEs with commercial funding and has helped invest millions in Welsh businesses since.
Bibby offer a range of different finance products to help businesses take their next steps or to smooth over cashflow issues.
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