Barware supplier handed on to next generation


Barmans

Barmans, which supplies bar and cocktail equipment to the trade, has been sold by the founders to their son and key management.

Barry and Anne Bowskill have decided to retire, handing over the family-run business to their son Scott Bowskill along with other staff Paul Lochhead, Stuart Goode and Kelly Easter (pictured).

Based in Melbourn in Cambridgeshire, the company operates as an online provider of bar, cocktail and catering equipment to retail and trade through its websites drinkstuff.com and barmans.co.uk.

Barry said: “It’s a real pleasure to be able to pass the business on to Scott and his management team. I am sure the business will continue to thrive under their ownership.”

Established in 1977, the business now adds over 1,000 new products every year to its current total of over 9,000 lines.

The business has maintained long-term profitability despite the recession, enjoying a year-on-year growth of more than 20% and ending the last financial year with a turnover of £7.1million.

PEM Corporate Finance acted as lead advisers to the owners on the buyout. Its director Tony Stairs said: “Barmans Ltd is an ambitious and well-run company, and we are delighted to have been able to help Barry and Anne pass their legacy on to their son and management team.

“With the economy improving and Barmans Ltd’s portfolio of quality products continually expanding, the business is sure to go from strength to strength.”

Barry added: “We’d like to thank the PEM Corporate Finance team for their good advice. They listened and attended closely to our needs, and were on hand to support us throughout the deal process.”


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