Announced
Synopsis
Online Home Retail Limited, an online bathroom products retailer based in Evesham, has completed a successful management buyout (MBO). Online Home Retail Limited, offers quality bathroom products at affordable prices to the trade and public. James Hickman, the original founder of the business, led a team that bought back the company from Grafton Group plc. Since its founding in 1999, the business has served over 1.5m customers, generating over £26m in annual revenue according to its latest published financial statements. James Hickman, Managing Director, said: “The E-commerce consumer market is very fast moving and intensely competitive. It requires quick decision making, calculated risk taking and a ruthless focus on eliminating avoidable costs. We believe being independent will offer us greater agility and enable us to focus 100% of our efforts on delivering growth and improving profitability.”
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