Elsecar-based Hickton Consultants has been acquired from its founder, Tony Hickton, for an undisclosed consideration. The Chelverton Investor Club together with Chelverton Equity Partners (CEPS plc), raised circa £1m of equity towards the transaction, investing alongside Managing Director, Tony Mobbs, with supporting debt finance from Yorkshire Bank Invoice Finance.
Hickton Consultants was established in 1991 by Tony Hickton, who retired for several years although had remained chairman of the business.
Adrian Ballam advised Tony Mobbs, managing director since 2012, a local architect and Yorkshire Regional Director of the FBE.
Tony Mobbs said "Tony and Peter have created an excellent business which this year enters it’s 25th year. I wish them well in their deserved retirement and look forward in moving Hickton’s forward into the next phase of its progression."