Welcome Furniture

DEALS: Welcome Furniture

Welcome Furniture logo

THE DEAL

  • Sector: Consumer, Retail and Leisure
  • Deal type: Company Sale – Family/Private
  • Deal size: Undisclosed
  • Year: 2017
  • Lead partner: Clive Hatchard

DEAL TEAM

Clive Hatchard

Acting as the lead advisor, Spectrum Corporate Finance has successfully advised co-owner and shareholder Russell Matthews on the disposal of his equity in Welcome Furniture Limited, to co-owner John Peterson.

Founded in 2009 by Business Partners Russell and John, Welcome Furniture Limited manufactures and sells ready assembled quality bedroom furniture to retailers across the UK. Based in Caernarvon, North Wales, Welcome Furniture has an experienced sales team to service a client base that extends across the UK.

Welcome Furniture have heavily invested in design, service and state-of the art-technology to ensure superior quality products. In addition, they have their own fleet of dedicated delivery vehicles and drivers- supported by the latest tracking and reporting technology in order to ensure next day delivery on orders.

Following Russell’s decision to dispose of his shares and equity in the business, Spectrum were instructed to structure the deal and see it through to a successful completion.

“I was recommended to contact Spectrum by a good friend who had dealings with Clive in the past. The process of selling my shares was becoming increasingly challenging due to a work and long term personal friendship. Spectrum basically started again with valuations and terms. There was an abundance of negotiations in so many fields which I had no experience in which added so much value to my overall deal. I cannot thank Clive enough for his calm, practical and professional approach." Russell Matthews, Co-Founder, Welcome Furniture