Continuity and Reputation: Adlib’s Successful Management Buyout

Adlib, an event technology company, successfully completes a management buyout

Adlib, a technology provider in the events industry, has recently undergone a management buyout (MBO) with the focus on maintaining continuity and preserving its reputation. Long-standing director John Hughes has assumed the role of managing director, succeeding Adlib’s founder Andy Dockerty. The management team, consisting of directors Dave Kay, Phil Stoker, and Dave Jones, will continue in their positions. Dockerty will also maintain an active involvement in daily operations as a director.

Based in Merseyside, Adlib provides audio, lighting, and video services to clients worldwide. In the year to 30 April 2023, the company generated a pre-tax profit of £2.3m and recorded a turnover increase from £16.7m to £24.8m while EBITDA rose by 53% to £5.1m. The company expanded from 148 employees to 186 and invested £6.6m in its rental inventory to accommodate clients with more complex requirements. In March 2023, Adlib acquired the trade and assets of D3 Audio and Visual which presents an opportunity for further expansion into house of worship and corporate sectors.

Andy Dockerty expressed pride in his company’s growth over the past 40 years from humble Liverpool beginnings to a national multi-disciplined organization with a global reputation. He commended John’s leadership and vision for the future, recognizing that he is best placed to develop and progress the company forward. In response, John Hughes expressed gratitude towards Andy for creating an environment of passion, dedication and stewardship during Covid times advocating for the industry as whole .

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