One of the South West's largest and longest-established marketing and communication agencies has undergone a management buyout (MBO).
Proctor + Stevenson specialises in business-to-business marketing and has a workforce of 60 people, with a revenue of £6m. It was established by Roger Proctor in 1979 and after 44 years at the helm, he is now retiring.
The company will be owned and managed by a leadership team of longstanding directors including MD Ailsa Billington.
Legal advice was given by Michael Clarke and Richard Hopkins at Roxburgh Milkins.
Find out more: MBO at South West agency | Insider Media
“The new board members have all risen through the ranks as employees, which is testament to our culture of reward and recognition. We believe in providing opportunities for team members across the lifetime of their careers”.
Ailsa Billington,
Managing Director, Proctor + Stevenson