Adlib, a leading provider of event technology services, has recently undergone a management buyout, marking a significant shift in leadership for the company. The buyout was executed over several years with a focus on continuity to maintain the company’s reputation and ethos. Long-standing director John Hughes has been appointed as the managing director, succeeding Adlib’s founder, Andy Dockerty.
The Merseyside-based company provides audio, lighting, and video services to the international live-events industry, working with high-profile clients like the BBC, National Museums Liverpool, and The Lowry. Under Dockerty’s leadership, Adlib experienced significant growth in profitability and expansion in recent years. In the year to 30 April 2023, Adlib saw a pre-tax profit of £2.3m, up from £1.2m in the previous year. Turnover also experienced a significant increase from £16.7m to £24.8m, while EBITDA rose 53% to £5.1m.
Dockerty expressed pride in the company’s development over the last 40 years and emphasized Hughes’ ability to lead the company effectively. Hughes also expressed gratitude for Dockerty’s leadership and dedication to the company and the industry as a whole. He acknowledged Dockerty’s contributions and passion and his role in developing aspiring engineers.
In addition to its organic growth, Adlib also expanded its workforce from 148 to 186 employees over the same period and invested £6.6m in its rental inventory. This investment will allow Adlib to cater to a wider variety of clients with more complex requirements. Adlib also acquired the trade and assets of D3 Audio and Visual in March 2023, providing an opportunity to further expand into the house of worship and corporate sectors.
Overall, this management buyout marks an exciting new chapter for Adlib as it continues to grow and evolve within the event technology industry while maintaining its commitment to excellence in service delivery for its clients.
Adlib Event Technology Provider Completes Management Buyout
Event technology provider Adlib has recently undergone a management buyout that marks a significant shift in leadership for the company.
The buyout was executed over several years with a focus on continuity to maintain the company’s reputation and ethos.
Long-standing director John Hughes has been appointed as managing director after serving under Andy Dockerty who founded Adlib.
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