GET YOUR EMAIL UPDATES

We send out our lovely email newsletter with useful tips and techniques, recent articles and upcoming events. Thousands of readers have signed up already.
Email address
Secure and Spam free...

Commerce and Industry

The Journal For Business to Business Marketing

Bayfields’ national vision one step closer with double acquisition

Leeds-based Bayfields Opticians has confirmed the acquisition of two new practices, further extending its reach across the UK.

Leeds-based Bayfields Opticians has confirmed the acquisition of two new practices, further extending its reach across the UK.

The first of these acquisitions is M.Procter Opticians, a long established and well-respected practice in Harrogate. The business, which operated on a single site, will be rebranded as Bayfields, in line with the firm’s other practices. Working with Shulmans LLP and Raworths Solicitors, the deal represents the safe-guarding of a much-loved opticians in Harrogate, allowing it to continue its excellent customer service to its loyal customer base.

In a deal representing Bayfields’ first acquisition in the West Midlands, using a newly incorporated subsidiary Bayfields (Newcastle) Limited, the firm has acquired the business and assets of Newbold Opticians, occupying a prime retail position in Newcastle-under-Lyme town centre.

Marcus Armstrong, partner at Shulmans and corporate finance solicitor, who has acted for Bayfields Opticians in connection with the majority of the firm’s acquisitions, said:

These two deals represent a growth in turnover of almost 25 per cent – an astonishing achievement. Bayfields Opticians is a truly ambitious firm, having already expanded into the South with four new practices in 2015. Its new Yorkshire site represents its commitment to expanding within the region whilst its first site in the West Midlands underpins its plans for national growth.

The latest acquisitions take the total number of Bayfields practices up to 14 – further evidence of the group’s intention to achieve its ambitious business plan of having 30 practices by 2019.

Royston Bayfield, Managing Director of Bayfields Opticians, said:

We are delighted with our latest acquisitions. Harrogate opens up a new area of the region for us, and our expansion into the West Midlands demonstrates our ongoing intentions of creating a truly national offering.

Our plan is to invest in the latest practices, both in terms of staff and technology, whilst continuing to work with Shulmans Solicitors and Mazars Accountants in acquiring further suitable businesses. We have developed a strong Yorkshire brand and have now established ourselves as a leading provider across the UK, giving us the confidence to systematically expand across all regions until our ultimate goal of being a nationally-recognised opticians is achieved.

Share This Post

Share on facebook
Share on linkedin
Share on twitter
Share on email

You might also like

Business News

Humber LEP Business Growth Hub

The Growth Hub provides quick and easy access to local and national resources along with information to support businesses in the Humber region. Find organisations and services to help with grants, funding, finance, loans and support for whatever stage your

Read More »
Construction & Development

Infiniti Scaffolding Safe As Houses With Iso 45001 Landmark

Infiniti Scaffolding’s focus on continuous improvement has seen the Scarborough group achieve the ISO 45001 accreditation, marking another milestone in its growth. Alex Willgrass, Infiniti Scaffolding director, said “This is a significant occupational health and safety management systems benchmark which

Read More »
Business News

Humber High Streets Challenge Fund Officially launched

Grants will be available under the scheme to encourage private sector landlords and property owners to undertake building and conversion projects that will improve high streets, diversifying the traditional retail offer and bringing unused floor space back into use. Funding

Read More »