The Bookseller – News – Management buyout at Bradt Guides as two depart

Bradt Guides, a writer of journey guides based in 1974 by Hilary Bradt and her husband George, has been bought to its present administration crew.

After almost 50 years as both sole dealer or the bulk stakeholder of the corporate, underneath the agreed sale Hilary Bradt will proceed to carry a minority stake of the enterprise and sit on its board. 

She mentioned: “I’m happy and relieved that the way forward for the corporate is assured, not simply as a publishing home however one with the values which have stood us in good stead for almost 50 years. I’m assured that, with this administration construction, we are going to proceed to flourish as a revered, award-winning—and one of many world’s final—impartial journey publishers.”

The remainder of the board will comprise m.d. Adrian Phillips, industrial director Hugh Brune and Anna Moores, editorial and inventive director. 

Peter Jay, the present finance director, and Donald Greig, who was m.d. from 2007 to 2014 and has remained concerned with the corporate since, will likely be leaving the enterprise. 

Phillips added: “It’s an ideal honour that Hilary has entrusted us to take over her firm. We began discussing the potential for a administration buyout lengthy earlier than Covid hit, so I’m delighted that it has lastly come to fruition. Whereas we’ve got a brand new board, it’s filled with acquainted faces. 

“Hugh and Anna are longstanding members of the Bradt crew, and have executed a sterling job of steering us by way of the current tough occasions. I can’t consider anybody higher to assist me take the corporate ahead, and guarantee it continues to thrive as one of many iconic journey publishing homes.”