Horsley leaves Leedex after failed buy-out bid

Leedex PR group managing director Jim Horsley has left the company after two years, following a failed attempt to buy the agency out.

Leedex PR group managing director Jim Horsley has left the company

after two years, following a failed attempt to buy the agency out.



Director Sarah Muirhead has stepped up to replace him as managing

director of Leedex’s London office.



As well as overseeing London, Horsley was managing director of the

agency’s other offices, in Manchester and Bristol. He oversaw 26 staff

across the three offices and a total fee income just short of pounds 1.5

million.



He will not be replaced in his group capacity. The heads of the regional

offices, alongside Muirhead, will now report directly to Leedex chairman

Kevin Morley.



Horsley confirmed that he had been in talks with Morley over a potential

management buy-out of Leedex, but the deal had stumbled over logistical

difficulties relating to the Bristol office lease.



Morley also owns two marketing companies, TGA Chapmans and M&K

Design.



Horsley denied that there had been any specific falling out between

Leedex and himself, but that he was looking to run the agency

differently.



’For some time now, I’ve felt there was an opportunity to develop a

different kind of business,’ he said. ’I was looking at acquiring

agencies in specialist market sectors.’ He is now considering his

options.



Horsley was brought in two years ago with a brief to strengthen bonds

between Leedex’s offices. During his time there, he has directed the

agency towards a specialism in food PR.



Muirhead has worked for Leedex for almost ten years, joining as an

account manager in the firm’s Cardiff office. As managing director, she

will oversee Leedex’s 15 London staff and clients including Weetabix,

Allied Bakeries, HFC Bank and Fox’s biscuits, the agency’s biggest

accounts.



Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in

Would you like to post a comment?

Please Sign in or register.