Those that know or have invested into Bailiwick Investments Limited (BIL) recognise that when it comes to investment decisions, the Channel Islands are the prominent focus.
A quick scan down the portfolio holding list reveals an array of well-known and very successful local businesses, examples are: Jacksons CI Limited, Guernsey Recycling (1996) Limited and Sandpiper Topco Limited, three of a group of thriving local companies. These successful businesses have a number of things in common; a solid business plan, knowing their market inside out and most importantly a very impressive management team. It is great to see that within a small community like the Channel Islands that there are still companies that flourish outside of the financial world.
One investment I would like to take a closer look at, an example which supports BIL’s mantra of investing into the community, is Oatlands Village in Guernsey. BIL took a stake in Oatlands last year; partnering with Chris Coles who took the majority share at the time. Since acquisition, Oatlands has seen its first stage of development completed; renovating the existing building, restoring the brick kilns, refurbishing the restaurant, improving the landscaping, improving the 18 hole mini golf course and, finally, installing new signage and entrance gates.
Anyone that visited Oatlands in the past would have noticed that the village had become a little tired and unpopular - a real shame as it should be one of Guernsey’s flagship locations, especially for young families and tourists. When Chris came to us with his vision to revamp the site, we were only too happy to work alongside him and hopefully create something special for the public, but equally as important, generate value for BIL’s shareholders.
If you visit Oatlands today you will notice a massive transformation and it doesn’t stop there. Phase two of development is now underway and the idea is to create a timber clad building to house a state of the art soft-play centre, a new home for Guernsey’s much loved airplane G-Joey, a covered external play area for trampolines and a racetrack for quiet e cars, and a synthetic ice rink at Christmas time; all centred around a new landscaped courtyard. It truly will be one of a kind and will provide a welcome attraction for locals and visitors alike. More information can be found at www.oatlands.gg.
Oatlands is a super example of how we like to do business: finding the right partner or management team and working closely alongside them to create something special. If you would like to discuss Bailiwick Investments Limited in more detail, please do get in touch.
Tim Ravenscroft Corporate Finance Executive