Fine jewellery company Prestons has acquired Winsor Bishop, a Norwich-based independent family jewellers, for an undisclosed sum.
According to documents filed on Companies House, Prestons’ holding group Davane Holding now owns a 75% stake in the Norfolk company.
In turn, the firm has the right to “directly or indirectly” appoint or remove “a majority of the board of directors” at Winsor Bishop.
The acquisition has resulted in the cessation of owner Sophie Jane Fulford and director Tanya Marie Von Moll’s significant control over the group.
Moreover, Damian Farrimond has also been removed from his roles as a director and secretary at the firm.
Karl David Massey, director at Prestons and Davane, has in turn been appointed as a director at Winsor Bishop, with Davane as the entity in significant control.
The Companies House filing added: “The relevant legal entity has the right to exercise, or actually exercises, significant influence or control over the activities of the firm that, under the law by which it is governed, is not a legal person, and the members of that firm (in their capacity as such) hold, directly or indirectly, 75% or more of the voting rights in the company.”
Jewellery Focus has contacted Prestons and Winsor Bishop for comment.