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Joint retail venture fuels big expansion plans

Ableworld and Barry Pearson join forces to create new company Mobility GB Limited

Barry Pearson,left, with Mike Williams of Ableworld

The largest mobility and stairlift retailer in the country has announced plans to expand the company even further.

Ableworld has entered into a joint venture with a North West financier, Barry Pearson, to expand their existing chain of shops.

The new company, Mobility GB Limited, provides a fully funded strategy which combines the proven experience of all parties to support Ableworld's aggressive plans for growth.

The strategy is based on growth from new shops along with the acquisition of existing operators in the sector.

Mike Williams, Managing Director for Ableworld says: "Barry approached us late last year with the intention of investing in our sector and after discussing various options we decided that the best route was via a joint venture.

"The board of Ableworld have all been involved in the process and we are all excited at the prospect of developing our business with Barry”.

Speaking about his decision Barry said: "I am very positive about this sector and after taking a long, hard look at the market identified Ableworld as leaders in the field.

 "I was impressed with the company’s ethics and business model. I also feel comfortable working with Mike and the team at Ableworld”.

Ableworld’s Finance Director Neil Cox, who was instrumental in helping to structure the deal feels that it is a win-win situation

Neil said:"Barry wanted to invest in the sector and we are always looking for ways to develop the brand.

"We believe the collaboration will prove to be beneficial to both of us and to our wider stakeholders especially our customers, who will find more opportunities to shop at Ableworld."

The joint venture is already well advanced in opening its first retail outlet at St Helen's in the summer and agents have been appointed to source further sites in target towns across the country.