Waltons: management buyout finalised

Waltons Television (Manx) Ltd has been bought out

Waltons Television (Manx) Ltd has been bought out

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Waltons Television (Manx) Ltd has announced that a management buyout has been finalised.

Waltons remains locally owned and new owners, Robert and Brian Byers, are pleased with their acquisition and look forward to playing their part in the future of Waltons.

In a statement, they said: ‘We are delighted to be able to confirm that the long serving and valued staff have all agreed to remain and support the company.

‘The core electrical retail business remains unchanged and we will continue to offer the latest technologies from the world’s top manufacturers. We were the first on the island with LCD, first with 3D and now we are first again with the latest Ultra High Definition 4K Television from Sony. This very latest technology features four times the detail of a Full HD TV, the latest Smart features and unbelievable sound. If you are interested in technology please call in for a demonstration.

‘Waltons’ technical facilities will remain open for business as usual. Waltons’ repair facilities are second to none on the island and customers are assured that their equipment will continue to be serviced locally.’

Waltons has been established more than 43 years. The new owners plan to build on the strength with additions to the products and services Waltons can offer. Two new websites have been commissioned and will be online soon. These will offer ‘unrivalled choice and interactive features’.

Waltons says that its ability to offer same day free delivery, fast service, best price guaranteed and easy payment terms is proving popular.

Waltons own finance business remains in-house and will continue to offer the same range of payment facilities, including interest free options.

Many customers may already know Robert, who has been with Waltons for 18 years, and will remain as managing director. His brother Brian, a chartered accountant and partner in local Corporate and Trust Service Provider, Acclaim Limited, will join Waltons as a director.

They expressed their gratitude to the previous shareholders and retiring director for their co-operation in the sale.

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