Adlib, an event technology firm, successfully completes management buyout

Adlib, an event technology provider, 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 will now take on the role of managing director, succeeding Adlib’s founder, Andy Dockerty. The rest of the management team, including directors Dave Kay, Phil Stoker, and Dave Jones, will continue in their roles, with Dockerty maintaining an active involvement in daily operations as a director.

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. In the year to 30 April 2023, Adlib saw a significant increase in profitability, with 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.

Adlib 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. Additionally, Adlib 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.

Andy Dockerty expressed pride in his company’s development over the last 40 years and emphasized John Hughes’ ability to lead effectively as he steps into his new role as managing director

By Editor

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