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TUDOR ROSE INTERNATIONAL LIMITED (formerly Hartim Limited)

Tudor Rose International works closely with a number of leading UK branded fast moving consumer goods companies, offering a complete sales, marketing and logistical service.  Based in Stroud, Gloucestershire, Tudor Rose International sells into 78 countries worldwide including USA, Spain, Portugal, Italy, Czech Republic, Russia, Turkey, South Africa, Saudi Arabia, UAE, Malaysia, Australia and China.

Western currently holds 49.5 per cent of Tudor Rose International’s issued ordinary share capital.

In addition, Western has provided loans to Tudor Rose International and its directors to support its continuing growth.  £250,000 of these loans was repaid by Tudor Rose International in December 2016 and Western has agreed that the balance of the loan to Tudor Rose International (£250,000) will be rolled over into preference shares.  Subsequent to the period end Western has advanced an additional £250,000 to subscribe for preference shares and agreed to invest a further £500,000 in preference shares to support the evolution of Tudor Rose International’s business model.

Since the acquisition of Western’s shareholding in 2008 we have overseen the retirement of the business’s managing director and finance director and the recruitment of a new finance director (subsequently promoted to managing director) and a new commercial director. With the introduction of a state of the art management information system on our watch, the new management team have the tools to drive the success of this business.

Mr. E J Beale and Mr D C Marshall are non-executive directors of Tudor Rose International.

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