Having positioned itself as a boutique manufacturer of affordable point source and line array loudspeakers, UK company BishopSound has placed itself on the open market.
Company founder, Andrew Bishop, is seeking to partner with investors to grow his infrastructure to a level that can meet the increasing demand for his products. BishopSound’s order book is reportedly burgeoning with enquiries from as far afield as the US, India, West Africa and Vietnam, as well as reflecting a loyal customer base in the UK among artists, rental companies, and systems integrators.
‘In business, I have learnt never to bury my head in the sand,’ he says. ‘I know my limits, I recognise the facts, and focus on the things that can be changed. Investment in people and premises is needed to accommodate demand. I feel “pot bound” and without more resources, I know, I have taken BishopSound as far as I can go, single-handedly.’
Since the company was formed in 2015, year-on-year growth has stretched resources to the limit, and Bishop now feels the best way forward is to place the business in the hands of a like-minded concern with shared goals in entertainment technology.
Although seven years old, BishopSound’s provenance dates back several decades to when Andrew Bishop took control of Carlsbro, the noted British loudspeaker brand, which under his stewardship grew in turnover from £900,000 to £4.6m in eight years. Bishop has also worked as a consultant with designers responsible for several other leading UK speaker brands in both pro audio and MI, including Wharfedale, Vox and Marshall. He has professional experience in international business and banking and is a passionate supporter of both Plasa and the #WeMakeEvents campaign.
The sale of the company is to be handled by Leeds-based chartered surveyor Eddisons, whose executive Richard Temple can be contacted for further information.