Acquisition of Nugent Westward Limited
HMT acted as reporting accountants to Smile Store Limited’s acquisition of Nugent Westward Limited for an undisclosed sum.
Established in 1998, Smile Store owns and operates a regional network of 55 convenience and 23 confectionery-tobacco-news stores in the South West. Smile Store employs around 1,000 staff.
In pursuit of its strategy of growth by acquisition, Smile Store has added a further 25 stores to its estate with the acquisition of Nugent Westwood.
Andrew Thomson commented:
“The acquisition and re-financing provides Smile Store with exciting opportunities in the South West. HMT was delighted to act and we delivered to a high standard despite the very short reporting timetable.”