Faulds Advertising set for England expansion

Faulds Advertising has completed its management buyout following

several months of speculation and has announced its intention to expand

into England, already earmarking Manchester and London.

The intention signals a first for the company, which was founded in 1985

and employs 140 people at offices in Edinburgh and Glasgow. "There's a

strategic plan to go down south," said Dennis Chester, Faulds' managing

director, who led the management buyout team.

The agency's buyout was part of four management buyouts which were

concluded simultaneously. The management teams of Faulds Advertising,

Navigator Responsive Advertising, Redpath Design and The Glasgow Agency

purchased the interests of Jim Faulds, the original founder and majority

shareholder of the Faulds Group, for an undisclosed sum.

The ad agency will retain the Faulds name but its founder, Jim Faulds,

will step down. He said he is looking for fresh challenges and announced

a number of directorships in the public and private sector.

The three non-advertising companies will remain independent and be led

by their individual management teams. "Now each company has the ability

to go forward on its own," Chester said. Twelve managers joining the

four companies' boards have become shareholders as a result.

Faulds Advertising's proposed move south follows that of its main rival,

The Leith Agency, which announced it was setting up an office in London

last September.

Chester, who continues in his three-year role as the managing director

of Faulds, said: "Now we've got the resources post-deal to expand

geographically at Faulds, we're looking to expand down south - but not

necessarily just in advertising."


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