Expansion for Lancaster IT business after buyout
A Lancaster-based computer business has opened a new shop and created eight new jobs, just three months after being bought out by a member of its management team.
Richard Alford purchased independent IT retail and support business Black Box Computers from previous owner Mark Burrow in August for an undisclosed sum.
As well as its premises in Norfolk Street, Lancaster, the business has just opened a second shop in Fishergate, Preston, offering computer sales and IT services for consumers and business customer alike.
The Preston store has been chosen to act as an Acer Experience Centre, one of 12 that the worldwide IT giant is looking to open with independent UK computer retailers over the next 6-months.
Richard was advised on the buyout by the corporate finance team at Moore and Smalley Chartered Accountants and Business Advisors.
Richard Hall, corporate senior manager at Moore and Smalley, said: “Black Box Computers is a perfect example of how well-managed and innovative companies will prosper, even in difficult trading conditions. Richard’s buyout of the business will enable Black Box to continue growing and the company has a bright future ahead of it.”
Richard, who joined Black Box in 2007 after a successful spell working as a maths and ICT secondary school teacher, said: “Mark has worked tremendously hard to build the business up from scratch and I am determined for that growth to continue under my stewardship. Our stores are manned by helpful, knowledgeable and customer friendly staff offering expert advice on all IT needs and requirements. Our Preston shop will bring a new level of customer experience to independent IT sales in the city and we’re looking at further opportunities to expand the business into other areas over the coming months.”
Black Box was established in 1995 and employs 25 staff. As well supplying computer hardware and software, the company also offers IT support services, such as installation, maintenance for on-site and remote networks, phone support, data recovery and remote back up.
As well as its two retail shops, the company also retails computer and IT equipment online and has customers across the UK and mainland Europe. Mark Burrow remains a non-executive director of the company following the buyout.