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.”