Fine Art Developments Limited floated on the Birmingham Stock Exchange. The group’s principal activities were the design and manufacture of greeting cards and gift wrap together with a mail order service for national charities and fund raising
Entered the general mail order market with its first catalogue, offering products sold via agents to the consumer market.
Far East buying office established in Hong Kong
Entered educational supplies market through acquisition of Hestair Hope
State of the art £40m automated warehousing facility opened in Accrington
Strategically, group focus moved to Direct mail order from declining Agency mail order and substantially increase the product offering, together with the provision of extended credit to the customer base
The group demerged into two distinct businesses: Fine Art Developments plc with sales of £235m retaining Mail Order and Education, and Creative Publishing plc with sales of £149m acquiring the card, giftwrap and stationery manufacturing operations
Creative publishing plc acquired by Hallmark Cards for consideration of £188m
Fine Art Developments changed its name to Findel plc
The charity mail order division was sold to an MBO team for £20m
Novara plc, a rival educational supplies business, was acquired for a total consideration of £57.4m
Acquisition of three further educational supplies businesses for a total consideration of £7.1m
Acquisition of GLS Educational supplies for consideration of £26,9m
Findel announced new record for sales £458m
Findel announces strategic initiative to develop new Cash with Order division and acquires Letterbox, I Want One of Those, Kitbag and purchases remaining shares in Confetti Network. Kleeneze also added to Home Shopping Division
Small acquisitions, £3m made across the group.
Findel announces new record for sales: £634m
Findel raises £74.4m in a placing of shares. Closure of Letterbox and The Cotswold Company
Disposal of Webb Group, I Want One of Those and Confetti Network
Findel raises £75.5m in a rights issue and placing of shares and secures new 5-year committed debt facilities.
Good recovery in performance seen as the new strategic plans are implemented.
Disposal of Healthcare Division for total consideration of £24 million