Resource bought out by senior leadership team

UK communications agency, Resource, has entered what it has labelled as “a new era” following the completion of a management buyout by the senior leadership team.

The agency, which specialises in print and mail communications, has announced Gail Weathers as its new managing director, alongside Asif Choudry, who continues as the company’s sales and marketing director.

The two, who have a combined 40 years of experience at Resource, now co-own the business. The MBO, which completed in September, was instigated by Weathers, who wanted to realise a lifelong career ambition of helming a business.

The buyout was funded through a combination of personal investment and bank support. Former managing director, Philip Thompson, has stepped away from ownership and day-to-day involvement following the acquisition.

Speaking following the buyout, Weathers says: “Thank you to everyone who has supported us so far. The next chapter of Resource is here.”

“With both of us having been part of the senior leadership team for many years, it was the natural next step for Resource. Together, we bring continuity and stability for colleagues, clients, and partners, while also creating a strong platform to grow and evolve.”

Speaking about Resource’s former managing director, Weathers adds: “Phil has contributed more than 30 years to Resource, helping to build the company into what it is today.

“He has been a mentor, colleague, and friend to many of us and is now taking a very well-deserved break. He remains supportive of the business, and we wish him every success with whatever he chooses to do next.”

 To mark the new chapter of the business, Resource is introducing a refreshed identity, which aims to reflect both the company’s 30 year history, and its vision for the future.

According to a statement following the buyout, Resource’s focus will be on sustainable, organic growth, as well as investment in its team, services, and technology to support clients’ evolving needs.