Manchester toymaker secures Business Growth Fund backing

RMS International, the toy and stationery design and distribution firm, has secured funding from the Business Growth Fund (BGF) to drive its infrastructure developments forward and unlock global expansion.

The Manchester-headquartered company, which has deals in place with entertainment giants Disney and Universal, plans further expansion in its licensed-brand product line following the BGF funding boost.

The firm will also continue to develop its in-house brands, including Games Hub, Grafix, GL and Blocktech.

Elsewhere, RMS has appointed Stuart Rose, the former chairman of toy firm Hamleys and managing director of cosmetics retailer The Body Shop, to the role of chairman.

RMS International’s CEO, Tyrone Farber, said: “With the support of a strong management team, we have built a sizable and reputable business over the past 30 years and we know that we there are further, unexploited opportunities, particularly overseas.

“BGF’s flexible and long term approach to funding and partnership fits with our own needs, and our desire to remain in control of the business.”

He added: “I am extremely excited to have Stuart Rose on board. His knowledge and experience in the retail sector will undoubtedly prove valuable to RMS as we continue to grow.”

Founded in 1982, RMS employs 130 people across offices in the UK, Netherlands, Boston, Miami, Hong Kong and Shanghai,

Matt Widdall, the BGF investor who led the transaction alongside the organisation’s Rhys Davenport, has joined the RMS board.

He commented: “RMS has built significant expertise, with a strong reputation for quality, creativity and distribution.

“We are excited to be supporting the company as it looks to grow its international presence.”

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