Our clients - John Ward

FASTEQ

“I sold up, but I really missed going to work”

After successfully selling his third business before reaching 50 years old, serial entrepreneur John Ward is set up for life. He has bought a hotel, a craft brewery, a pub, and invested in his wife’s family business. But the lack of routine became an issue.

He started his first business aged 24, selling nuts, bolts, machined parts and the like to companies like IBM. After selling to a PLC, he became a Director for the acquirer, where “instead of running my own business, I was suddenly driving up and down the country, discussing pie charts and predicting the future.”

In 1999, he invested his money and put his house on the line to set up Fasteq, teaming up with former colleague Mike Connelly to run the business as a 50/50 partnership. 

Fact file

  • Company name - Fasteq
  • Location – Linlithgow, UK
  • Founded – 1990
  • Business activity – aerospace and defence components
  • Annual sales - £6m
  • Reason for sale – growing too fast
  • Sold – October 2012

 

February 2017
Fasteq acquired by Haas Group International

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iDeal M&A magazine summer 2018

NEW iDeal magazine

How is 2018 shaping up for business sales? Our latest free-to-download interactive online magazine is out now, and it’s full of transaction news, market insights and current deal trends. There’s commentary from entrepreneurs and M&A professionals alike – making iDeal your essential guide to the world of business sales. In this issue:

  • Moonpig.com founder and former Dragon’s Den investor Nick Jenkins talks selling, buying and investing in business
  • Big deals! Key themes in deal-making that could affect your company
  • Training organisation Dale Carnegie explains how to develop your management team
  • The acquirer’s eye: how buyers analyse your financial performance
  • Focus on the fast-growing events and exhibitions sector

* Publish Online documents can be viewed in any modern web browser on any desktop or mobile device. The reading layout of the document adjusts for the device to provide the best viewing experience

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