Investor buyout of Warehouse Express Limited
HMT advised management and provided transaction support services for Barclays Ventures in the investor buyout of Warehouse Express.
Warehouse Express is an online supplier of a full range of digital, optical and photographic equipment, digital and SLR cameras, camera accessories, binoculars and bird watching equipment. Warehouse Express has more than doubled turnover over the passed two years.
The company received funding from Barclays Ventures and now plans to relocate to a 30,000 sq ft site in Norwich and expand the workforce from 38 to 70 over the next three years.
Andrew Thomson of HMT commented:
“We were delighted to be involved in assisting management in the preparation of their business plan and forecasts. With the backing of Barclays Ventures, Warehouse Express is well positioned to capitalise on the growth in digital cameras and equipment.”