Portmeiron...wax lyrical about Lighthouse

RSM’s transaction services team provided financial due diligence on Lighthouse Holdings Limited, whose main trading entity is Wax Lyrical Limited.

The client

AIM listed Portmeirion Group PLC is a market leader in high quality homeware which incorporates the brands of Portmeirion, Spode, Royal Worcester and Pimpernel. Based in Stoke-on-Trent the group sells its products to retailers across the US and UK and through exclusive distributors in over 60 countries worldwide.

Lighthouse Holdings wholly owned operating subsidiary, Wax Lyrical, is the UK’s largest manufacturer of home fragrances. Based in the Lake District, Wax Lyrical is both a wholesaler and retailer of its home fragrance products, exporting to over 40 countries around the world.

What RSM did

RSM’s transaction services team provided financial due diligence on Lighthouse Holdings Limited, whose main trading entity is Wax Lyrical Limited. This acquisition is seen as a strategic move for Portmeirion to further expand its delivery of world class, homeware products.

Testimonial

‘The RSM team delivered a high quality due diligence report on time and on budget. They quickly gained an in-depth understanding of the Wax Lyrical business and impressed both the Portmeirion and the Wax Lyrical management teams. RSM continued to provide sound advice and support throughout the acquisition process.’

Brett Phillips, Group Finance Director, Portmeirion Group PLC

Transaction team

Paul Johnson, Partner +44 (0)7734 058 200

Mark Gormley, Associate Director +44 (0)7792 900 149

Thorin Ward, Associate Director +44 (0)7779 977 192

Rob Atkinson, Associate +44 (0)7972 004 116

Toby Driver, Supervisor +44 (0)1159 644 590

Sara Manoharan, Tax Director +44 (0)1782 216 102