Local directory undergoes job-creating MBO using Rosebud loan

By Rosebud

11 Aug 2022

home-handbooks-jonathan-nelson-from-rosebud-with-danny-garratt-and-peter-ward.jpg

A Preston-based business which operates a number of local business directories is aiming for expansion and looking to increase full time staff numbers after undergoing a management buyout with the help of a Rosebud loan.

Home Handbooks operates six high-quality directories in the Greater Preston area on an 18-month cycle, with local tradesman and other businesses paying to be featured within its pages. It currently employs one full-time member of staff, with a number of seasonal roles.

It was started in 2010 by ex-Blackpool Gazette journalist Peter Ward and has recently been purchased by Preston businessman Danny Garratt who also owns Preston Tuition Centre.

The MBO is being funded with a £55,000 loan from Rosebud. As well as facilitating the purchase, the loan will also be used to invest in the growth of Home Handbooks over the coming years which includes increasing the company’s headcount.

Danny Garratt said: “I am keen to modernise the company’s website. There’s a generation of people that may not even look at the physical handbooks, a generation that will use both the website and the physical magazines, and a generation who will only use the handbook.

“We want to cater for everyone’s needs. We will look at how we could monetise the website and may take on an additional member of staff to operate it.

“I’m also keen to offer social media services to local businesses and we may also look to employ somebody who can manage clients’ social media channels for a fee. We are hoping to gain a couple of employees as well as the seasonal staff we employ to deliver the handbooks.”

Rosebud is owned by Lancashire County Developments Ltd (LCDL), a wholly owned subsidiary of Lancashire County Council. It aims to support the growth of Lancashire businesses and the local economy, offering loans between £10,000 and £300,000 as well as high-quality business support.

Danny was introduced to Rosebud by Cassim Patel at Lancashire’s Access to Finance service, who approached Rosebud and arranged a meeting with Rosebud fund manager Jonathan Nelson.

Danny added: “Jonathan was keen to find out about the business and he understood the scope for growth. He was really helpful throughout the application process and worked with me proactively to get the deal over the line.”

Danny is also looking to grow the business geographically. He said there had been demand for the handbooks in areas including Lytham and Lancaster and this expansion would likely require the recruitment of an additional member of staff

Jonathan Nelson, fund manager, Rosebud, said: “Rosebud’s loans can be used to facilitate growth for Lancashire businesses in whichever way is most appropriate. For Home Handbooks, Danny’s purchase of the business from Peter has the potential to unlock real expansion.

“I’m proud that Rosebud has been able to facilitate this deal and l look forward to continuing to support Danny to grow the business over the coming years.”

Rosebud is delivered by GC Business Finance. Businesses in Lancashire’s 12 local authority areas are eligible for the funding: Burnley; Chorley; Fylde; Hyndburn; Lancaster; Pendle; Preston; Ribble Valley; Rossendale; South Ribble; West Lancashire; Wyre.

Latest news

1

Beever and Struthers advise on £1.5bn funding for 2,000 new social homes a year John Jones

Beever and Struthers advise on £1.5bn funding for 2,000 new social homes a year

03 Jul 2025

2

Airframe Designs aligns with US programme for additive manufacturing growth Additive manufacturing technology unit At Airframe Designs

Airframe Designs aligns with US programme for additive manufacturing growth

03 Jul 2025

3

Panache Cruises on course for further growth with support from Rosebud James Cole

Panache Cruises on course for further growth with support from Rosebud

03 Jul 2025

4

Lancashire emerges as key player in UK's Defence and Tech Sector Mo Isap Chair Of The Lancashire Business Board Nick Miles National Cyber Force Deputy Director For Samlesbury Annette Weekes Representative Of The NWRDSC

Lancashire emerges as key player in UK's Defence and Tech Sector

03 Jul 2025

5

Report shows impact of BAE Systems in Lancashire BAE Systems Radar

Report shows impact of BAE Systems in Lancashire

02 Jul 2025

Background image for hub sign up block

LBV Hub

Leverage Lancashire Business View platforms

Post your news
Post your events
Post your offers
Build your network
Improve your SEO
Gain coverage in the magazine
Sign-up
Events
LBV123 July/August Launch Event
Lancashire Business View magazine launch
Networking
16 Jul 2025

LBV123 July/August Launch Event

Burnley

08:30 - 10:30

Lancashire Built Environment Conference 2025
BEC 315 X 315 Px
Networking
25 Sep 2025

Lancashire Built Environment Conference 2025

Blackpool Football Club, Blackpool, FY1 6HX

08:30 - 13:00

CMI Level 5 Management and Leadership Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Management and Leadership Course

Preston Campus, Preston , PR1 2HE

09:00 - 17:00

CMI Level 5 Project Management Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Project Management Course

Preston Campus, Preston, PR1 2HE

08:00 - 17:00

The Marketing Metrics that Matter – July 4
LBV Hub Seminars
04 Jul 2025 - 04 Jul 2025

The Marketing Metrics that Matter – July 4

Door4 Office, Burnley Wharf, Burnley, BB11 1JG

08:30 - 11:00

Tri-Site Survey Equipment Showcase
unnamed (2).jpg.jpg
LBV Hub Seminars
09 Jul 2025 - 09 Jul 2025

Tri-Site Survey Equipment Showcase

Crow Wood Hotel, Burnley, BB12 0RT

09:30 - 16:00

Blackburn Cathedral hosts Champagne and Diamonds Event with Ainsworth Jewellers
Champagne-Jewellery 10 07 25_page-0001.jpg.jpg
LBV Hub Awards
10 Jul 2025 - 10 Jul 2025

Blackburn Cathedral hosts Champagne and Diamonds Event with Ainsworth Jewellers

Blackburn Cathedral, Blackburn, BB1 5AA

18:00 - 20:30

Choose Chorley for Business - Talent Reimagined Business Breakfast
talentreimaginedbb.png.png
LBV Hub Seminars
10 Jul 2025 - 10 Jul 2025

Choose Chorley for Business - Talent Reimagined Business Breakfast

Strawberry Fields Digital Hub, Chorley, PR71PS

08:00 - 10:30

Shaping Preston's future by remembering its past
1750160034867.png.png
LBV Hub Networking
16 Jul 2025 - 16 Jul 2025

Shaping Preston's future by remembering its past

Society1, Coworking Space, Preston, PR1 3LT

18:00 - 20:30

Chamber Summer BBQ
LBV Hub Social
17 Jul 2025 - 17 Jul 2025

Chamber Summer BBQ

The Borough, Dalton Square, Lancaster, LA1 1PP

17:30 - 20:00

Preston Tech Connection: Web3 is Dead. Or is It?
July Longer Banner.jpg.jpg
LBV Hub Networking
29 Jul 2025 - 29 Jul 2025

Preston Tech Connection: Web3 is Dead. Or is It?

Society1, Coworking Space, Preston, PR1 3LT

18:00 - 19:30

Preston Freelancer Meet-Up: July
Longer July Banner.jpg.jpg
LBV Hub Networking
31 Jul 2025 - 31 Jul 2025

Preston Freelancer Meet-Up: July

Society1, Coworking Space, Preston, PR1 3LT

10:00 - 11:30

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more LBV122 Online Graphic
Subscribe now

Weekly news bulletin