A leading UK gift company has been acquired by a South Wales based wholesaler in a deal that has secured jobs and paved the way for expansion.

Swansea based Something Different Wholesale Ltd has acquired Smiley Signs, securing five agent jobs and strengthening the wholesale businesses online presence and reputation as a leading UK figure in the supply of gifts and novelty items to trade customers worldwide.

Both businesses will continue to operate as separate entities but will share Something Different’s large warehouse and trade outlet on Swansea Enterprise Park.

With a view to housing future growth, Something Different Wholesale Ltd purchased the new premises on Upper Fforest Way in April 2012 with the assistance of the Wales Economic Growth Fund and the guidance of certified chartered accountants and business advisors Morgan, Hemp & Co.

In accordance with funding regulations, registered auditors at Morgan, Hemp & Co carried out a full audit of the businesses move and reported on the potential outcomes and implications for the business, its growth and financial stability.

As a result of the audit and the subsequent business intelligence provided by Morgan, Hemp & Co’s business advisory service, Something Different Ltd selected the premises on Swansea Enterprise Park, which due to their structure, saved the business tax relief on £100,000.

Speaking of the acquisition of Smiley Signs, Something Different WholesaleLtd’s Jane Wallace-Jones said: “The acquisition of Smiley Signs marks a significant point of growth for Something Different WholesaleLtd. The acquisition has secured the jobs of Smiley Signs workforce, while adding a further two positions. This acquisition is the coming together of two respected and recognised suppliers of gifts to trade in the UK and we are very excited for the opportunities that the future holds.”

“We have worked closely with the team at Morgan, Hemp & Co for over five years. This relationship has enabled our business to double in size in that time and as a result, we are not only a larger company but a more viable, stronger operation also. Morgan, Hemp has provided a holistic approach to business advice, which has gone over and above what you would expect from an accountancy firm.”

“With Morgan, Hemp’s guidance, Something Different Wholesale Ltd is in a far more stable and competitive position than before.”

Speaking of the assistance provided to Something Different Ltd, Martin Hudson, Partner at Morgan, Hemp & Co said: “Something Different WholesaleLtd first came to us over five years ago, seeking accountancy expertise.

“In a short space of time it became apparent that the business could benefit from a more holistic business advice that not only ensured that accountancy issues were expertly dealt with but that wider business issues from cash flow, projection and forecasting to guidance on acquisitions and premises were also advised on.”

“Something Different Wholesale Ltd is now in a resilient, attractive and ultimately efficient position due to the processes and measures that they have in place and the on-going business advice service at Morgan, Hemp & Co.”

For further information on the specialist accountancy and auditing services available at Morgan, Hemp & Co or to find out about the holistic business advice also available please visit www.morganhemp.co.uk or call 01792 466428.