Acquisition of Nugent Westward Limited

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Acquisition of Nugent Westward Limited 2017-12-08T16:31:51+00:00

Project Description

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.”