Conference and event organiser Neil Stewart Associates Limited (NSA) has been sold – to Neil Stewart Events Limited (NewCo).
Andrew Stoneman and Matt Bond, both of global financial advisory and investment banking firm Duff & Phelps, have confirmed today that they have successfully sold the business and assets of NSA.
The sale was concluded on March 15 and comes after Mr Stoneman and Mr Bond were appointed as joint administrators to NSA on March 5.
Neil Stewart, who will remain as chief executive of the new company, said the majority shareholders are investment firm Tota Investments.
He said: “I’m pleased for the staff and for the clients.”
NSA which employs 20 members of staff, has been producing public policy conferences and events since its establishment in 1994.
They work with public bodies, membership associations, think tanks, campaign groups, voluntary organisations and the commercial sector.
The firm is due to hold a conference on Shared Services for Further Education on March 26.
NewCo have taken over the running of all events and the employees have transferred to the new company.
Mr Stoneman said: “This is a great result for all parties and a successful administration, securing the jobs of its employees.
“Not only that, its planned programme of conferences can continue to go ahead as normal.
“We wish the new owner and employees every success.”