Stanley Gibbons, the worldwide uncommon stamp and coin dealer, is exploring a sale lower than 18 months after being delisted from the London inventory market.
Sky News has learnt that Stanley Gibbons, one of many collectibles business’s most distinguished names, is working with advisers to draw new buyers.
City sources stated an outright sale was a risk, however that various choices have been being explored.
PricewaterhouseCoopers, the accountancy agency, is overseeing the method.
Stanley Gibbons traces its roots to 1856 and claims to be the world’s oldest uncommon stamp service provider.
The firm’s eponymous founder was born in 1840 – the identical yr that the unique Penny Black was issued.
It has held a royal warrant since 1856, and had been a publicly traded firm for simply over 20 years earlier than its delisting.
The transfer to take it off the inventory market was engineered by Phoenix Asset Management, its controlling shareholder, which had warned that its ongoing monetary help for Stanley Gibbons can be doubtful except the delisting was accredited.
It was unclear on Monday whether or not Phoenix wished to retain a stake within the firm.
In a press release, Stanley Gibbons stated: “On the back of a strong performance this year across the business, we are now seeking fresh investment to support our growth plans and the innovation of our services to meet the needs of today’s collectors.
“This is a optimistic growth for the corporate however we’re unable to remark additional presently.”
Source: information.sky.com”