Bringing Gecko within The Group’s umbrella will create one of the largest jewellery businesses in the UK with a total staff of 175 and a combined turnover in excess of £32 million.
The Group was advised by the Midlands law firm SGH Martineau LLP Solicitors and the Birmingham office of accountancy and business advisory firm BDO LLP, with finance provided by Barclays.
“It is encouraging, in these troubled times, that a manufacturing business is expanding its remit,” said the Group’s Joint Chairman, Patrick Fuller. ”British design and production is back in fashion. We are positive about the future and look forward to growing the business further.”
There are three companies within The Group: Domino, which sells British-made fully-finished and semi-finished fine jewellery; Weston Beamor which offers precious metal casting and rapid prototyping and AdValorem which distributes high-quality European jewellery brands.
“We see this acquisition as a significant step towards being able to offer jewellery retailers throughout Europe a complete solution to their jewellery needs. Gecko, like us, has built its business by providing great design, innovation and service and we believe there is real synergy between our companies. Bringing them together will undoubtedly provide tremendous new opportunities for them and their customers,” says Fuller.