MBO acquires Tim Arnold Associates

Sales promotion company Tim Arnold & Associates which went into receivership on January 18, has been bought by a management team.

Sales promotion company Tim Arnold & Associates which went into receivership on January 18, has been bought by a management team.

The buyout team, led by former managing director Paul Godwin has relaunched the company as Epona.

The directors asked the bank to call in an administrative receiver, and Peter Mills of Smith & Williamson was appointed. As Marketing Week went to press, Mills confirmed he was in discussions with various people about a management buyout. “It is likely that a deal will be completed today [Tuesday],” he said.

Meanwhile, an Epona spokesman says: “They’re down to arguing about the furniture.”

Founder Tim Arnold is understood to be acting as a consultant to the management team.

Mills says the receivership was caused by “an onerous property lease for which the company could no longer afford the payments”.

Latest from Marketing Week

PLEASE SIGN IN OR REGISTER. IT'S FREE, QUICK AND EASY!

Access Marketing Week’s wealth of insight, analysis and inspiration that will help you develop as a marketer and leader.

Register and receive the best content from the only title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work, so we can make Marketing Week more relevant to you.

Register now

THE BEST CONTENT

Our award winning editorial team and columnists will ask the biggest questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.

THE BIGGEST ISSUES

From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we will be your guide.

PERSONAL AND PROFESSIONAL DEVELOPMENT

Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Dedicated to developing your skills and helping you achieve marketing excellence. Find guidance on leadership, professional development and the latest industry jobs.

Having problems?

Contact us on +44 (0)20 7292 3711 or email subscriptions@marketingweek.com

If you are looking for our Jobs site, please click here