Safespaces acquired by investment firm

By Tim Aldred

11 May 2023

Safespaces sale

Todmorden-based Safespaces, which specialises in the design, manufacture and supply of safe rooms and high-sided beds for individuals with complex needs, has been acquired by Euston Ventures.

The full share sale full share allows directors Jill Morony and Sue King to retire.

They launched the company in 2001 and have worked with families and healthcare professionals to develop a range of products catering for people with complex needs such as learning disabilities, autism, epilepsy and challenging behaviours.

Safespaces’ products are used in family homes, schools, hospitals, respite centres and for travel. The firm, which employs a team of 33 people, also offers bespoke rental and cleaning services.

Euston Ventures is an investment company that has acquired a range of specialist B2B companies, predominantly in the manufacturing, engineering and industrial products markets.

Euston said that it was attracted to Safespaes due to the important role its products play in changing the lives of the young people and their carers, as well as the professionalism and integrity of the Safespaces team and the strong relationships the company has built up with healthcare practitioners across the UK and globally.

Jill Morony said: “Safespaces has been a very important part of my life. We set the business up from scratch and have achieved so much since its inception.

"I am so proud of what we have accomplished and of the amazing team who are so hard-working and passionate about the work that we do. It is for that reason that it has been an incredibly hard decision to pass the baton on." 

Sue King continued: “We have entrusted Max Silver and Euston Ventures with the next stage of the Safespaces’ journey, I am sure they will continue to provide the high-quality product Safespaces is renowned for and take very good care of our fantastic team."

Blackburn-based PM+M led the sale with corporate finance manager Ryan Bilsborough engaging in a proactive and targeted marketing process which maintained confidentiality, as well as handling a full negotiation process with multiple interested parties.

Ryan Bilsborough commented: “We generated significant buyer interest in Safespaces which resulted in multiple attractive offers – we had initial contact with the successful bidder, Euston Ventures, within two days of exercising our targeted marketing campaign, subsequently accepting their offer within eight weeks of commencing the sales process."

Jane Parry, head of tax at PM+M, provided full tax support including post-sale, whilst client service partner Nigel Wright delivered accountancy, tax and due diligence support services, having looked after Safespaces since 2009.

Other advisers included Rebecca McCann and Jaime Penaluna from Forbes who advised Safespaces on the legal aspects of the transaction. Ensors advised Euston Ventures on due diligence matters and Ashtons Legal acted as their solicitors.

Enjoyed this? Read more from Tim Aldred

Latest news

1

VARS Technology team up with debt resolution specialists to fight fuel theft David Nichol John Garnett Aydan Jones and Laura Tilley

VARS Technology team up with debt resolution specialists to fight fuel theft

12 Sep 2025

2

University of Lancashire unveils Preston campus installation to celebrate name change University of Lancashire new feature

University of Lancashire unveils Preston campus installation to celebrate name change

12 Sep 2025

3

PM+M welcomes ten new apprentices for 2025 intake Lucy Field, Kate Walsh, Ellie Fisher, Zainab Aswat, Reece Jones, Aisha Bibi Patel, Finley Vila, Uzair Zariwala, Richard Prest, and Charlie Harrison

PM+M welcomes ten new apprentices for 2025 intake

11 Sep 2025

4

ROCCIA strengthens commercial division with senior appointment Andrew Grove

ROCCIA strengthens commercial division with senior appointment

11 Sep 2025

5

Final call for investors: Rossendale community solar project must hit target by November Gary McEwan managing director of Interfloor

Final call for investors: Rossendale community solar project must hit target by November

10 Sep 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
Sub36 Networking - Follow the signs
Sub36 Deaf Village Social1200
Networking
17 Sep 2025

Sub36 Networking - Follow the signs

The Deaf Village, Blackburn, BB2 5EN

10:00 - 12:00

LBV124 September/October Launch Event
MBP Arc Cinema Preston Opening 205
Networking
18 Sep 2025

LBV124 September/October Launch Event

The Arc Cinema, Preston, PR1 2BL

08:30 - 10:30

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

Longridge Soap Box Derby
Screenshot 2025-06-10 090035.png.png
LBV Hub Fundraisers
14 Sep 2025 - 14 Sep 2025

Longridge Soap Box Derby

Berry Lane, Longridge, PR3 3WH

10:00 - 16:30

Preston Tech Connection - The Ultimate Tech Quiz!
Preston Tech Connection Sept 25.png.png
LBV Hub Networking
16 Sep 2025 - 16 Sep 2025

Preston Tech Connection - The Ultimate Tech Quiz!

Society1, Coworking Space, Preston, PR1 3LT

18:00 - 19:00

The Business Network Central & East Lancashire
LBV Hub Networking
17 Sep 2025 - 17 Sep 2025

The Business Network Central & East Lancashire

Stanley House, Blackburn, BB2 7NP

11:30 - 14:15

Cumbria Business Expo 2025
https---cdn.evbuc.com-images-880461633-4862066883-1-original.20241022-110415.jpeg.jpg
LBV Hub Exhibitions
19 Sep 2025 - 19 Sep 2025

Cumbria Business Expo 2025

Carlisle Racecourse, Carlisle, CA2 4TS

09:00 - 15:00

Your Business, Your Region: Making sense of devolution and Local Government Reorganisation
Chorley Council breakfast event new
LBV Hub Networking
23 Sep 2025 - 23 Sep 2025

Your Business, Your Region: Making sense of devolution and Local Government Reorganisation

Worden Hall, Leyland, PR25 3DH

08:00 - 11:00

Preston Freelancer Meet-Up: September
Sept Freelancer (1).png.png
LBV Hub Networking
23 Sep 2025 - 23 Sep 2025

Preston Freelancer Meet-Up: September

Society1, Coworking Space, Preston, PR1 3LT

10:00 - 11:30

Speed Networking with BNI
2.png.png
LBV Hub Networking
24 Sep 2025 - 24 Sep 2025

Speed Networking with BNI

Chorley Football Club, Chorley, PR7 3DU

16:00 - 19:00

The Marketing Meetup IRL: Lancashire - September
TMM Lancashire
LBV Hub Networking
25 Sep 2025 - 25 Sep 2025

The Marketing Meetup IRL: Lancashire - September

Chorley, PR7 2SL

18:00 - 20:00

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 LBV 123 Online Graphic
Subscribe now

Weekly news bulletin