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The Norfolk Broads, a beautiful and iconic national park in the UK, has been a popular destination for boating holidays and visitor excursions for many years. At the heart of this stunning landscape is Norfolk Broads Direct, a leading provider of boating holidays and visitor experiences. The company, which has been family-owned and operated for many years, has recently been sold to new owners, Broads Ventures Limited. This transaction was facilitated by the law firm Howes Percival, who advised the owners on all legal aspects of the deal. The firm’s team of experts, led by Corporate Partner Richard Turner, worked tirelessly to ensure a smooth and successful transfer of ownership.
Norfolk Broads Direct is a significant business in the region, managing a fleet of over 100 boats, including passenger ferries, dayboats, and holiday cruisers. The company also boasts an impressive portfolio of waterside holiday properties, attracting over 115,000 guests annually to the Broads National Park. The business has been built up over many years by the Funnell family, who have worked hard to establish Norfolk Broads Direct as a leading player in the local tourism industry. The sale of the business to Broads Ventures Limited marks a significant moment for the family, who are delighted to have found new owners who share their passion and commitment to the Broads.
The new owners, Broads Ventures Limited, are well-established business leaders within the Broads economy. The company was formed by Greg Munford and Paul Richardson, who have many years of experience in running local boating holiday companies. They are committed to fulfilling the long-held purpose of Norfolk Broads Direct, which is to provide access and enable people to fall in love with the Broads National Park. The Funnell family is confident that the business is in good hands and looks forward to seeing the company continue to thrive under its new ownership.
The sale of Norfolk Broads Direct is not only significant for the Funnell family but also for the local community and the region’s visitor economy. The business has been an integral part of the local tourism industry for many years, providing employment opportunities and contributing to the local economy. The new owners are committed to preserving the legacy of the business and to continuing to provide high-quality boating holidays and visitor experiences to guests from all over the world. Howes Percival’s Richard Turner, who led the team advising on the sale, commented, “This deal is so important to the region and its visitor economy, as it will help to preserve the legacy of such an historic local business.”
The Funnell family is delighted with the outcome of the sale and is grateful to Howes Percival for their expert advice and guidance throughout the process. Len Funnell, the former owner of Norfolk Broads Direct, praised the law firm, saying, “We were very pleased to have Howes Percival advising us on the sale of our business. Richard and the team combined technical expertise with clear, practical guidance, making a potentially complex process more straightforward.” The family is now looking forward to continuing to be involved with the business, with Ruth Knight taking on a role on the board of Broads Ventures Limited.
As the new owners of Norfolk Broads Direct, Broads Ventures Limited is excited to take the business to its next stage of growth. With the support of the Funnell family and the expertise of Howes Percival, the company is well-positioned to continue providing exceptional boating holidays and visitor experiences to guests from all over the world. The sale of Norfolk Broads Direct is a significant milestone for the business, marking the beginning of a new chapter in its history. With its rich heritage and stunning location, the company is sure to continue to thrive, and its new owners are committed to ensuring that it remains a leading player in the local tourism industry for many years to come.
