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 Magazine - special edition 2018

NEW iDeal magazine

NEW IDEAL MAGAZINE

Take 10 minutes to get up to speed with the world of business sales. Our special edition of iDEAL magazine features a sector update on the live events industry, tips and advice from business owners who have grown and sold their company, plus charts and graphs to illustrate the latest trends.

  • Essential tips on growing and selling from Moonpig.com's Nick Jenkins
  • BCMS clients share their business sale experiences
  • Deal news and market trends
  • Building your management team
  • Who bought who and why? 

* This interactive version 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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