Our clients - Jonathan Barker

Jonathan Barker started The Watch Lab with £2000 savings, a Princes Trust-backed loan, and one member of staff. By 2015, this premium watch-repair business had 15 branches and 71 employees across the UK.

I knew I wanted to sell, but I didn’t know when

The Watch Lab had its roots in the North, and presence across the Midlands, but in 2011, the company opened its first outlet in the south east (Lakeside in Thurrock Essex). Then, the business secured a second southern prime location in Brent Cross Shopping Centre.

This was a tipping point. “The business had been running for 15 years. We’d opened in Glasgow, Southampton and London. We covered the whole country, and had built a new brand in the jewellery trade. Other companies had tried to do what we did, but hadn’t been successful.”

“We thought, ‘there can’t be a better time to sell’. We didn’t have to sell. We were exploring the opportunity, so we had a choice, which is a very good position.” 

Fact file

Company name – The Watch Lab™

Location – Head office in Preston; 20+ locations nationwide

Founded – 2000

Business activity – High-quality watch repairs, specialising in premium brands such as Rolex, Omega, TAG Heuer, Longines, Tissot

Sold – March 2016

Acquirer – Aurum Holdings, owners of the Goldsmiths, Watches of Switzerland and Mappin & Webb brands

Hear Jonathan's story in this on-demand webinar: Timing is everything - how to prepare your business for a successful sale

April 2016
Aurum Group

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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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