Livingbridge...sweet taste of success

RSM’s transaction services team provided financial and tax due diligence on Livingbridge’s investment in Thomas J Fudge’s Remarkable Bakery. 

The client

Independent private equity investor Livingbridge focuses on developing tailored strategies for SMEs and entrepreneurs of growing businesses.

Founded in 1916 by Thomas J Fudge, the great-great-uncle of the current owners, the business has evolved from horse and cart deliveries of freshly-baked bread to being widely stocked by supermarkets and high end retailers including Fortnum & Mason and Harvey Nichols.

With 133 staff based at their 32,000 square foot site in Stalbridge, Dorset, it’s estimated that the bakery produced a phenomenal 6.5 million biscuits, per week, during 2015. Livingbridge’s investment will enable Thomas J Fudge’s management team to accelerate its growth plans towards becoming the No 1 premium biscuit brand in the UK.

What RSM did

RSM’s transaction services team provided financial and tax due diligence on Livingbridge’s investment in Thomas J Fudge’s Remarkable Bakery. Our financial modelling team were also engaged to undertake a model review.

Testimonial

‘RSM provided an excellent service and produced a thorough and well considered financial due diligence report. Peter and Alex were a first class team and I would not hesitate to use them again.’

Hugh Costello, Investment Director, Livingbridge

Transaction team:

Peter Vandervelde, Partner +44 (0)7801 607 305

Nick Williams, Partner +44 (0)7703 496 222

Alex Milne, Associate Director +44 (0)7436 268 360

Dom Lowbridge, Executive +44 (0)23 8064 6691

Steve Jacob, Partner, Corporate Tax +44 (0)20 3201 8486

Alistair Hynd, Partner, Financial Modelling +44 (0)7711 558 609