Hessle-based John Good Group has acquired Nothing But Ltd, trading as Padlocks.co.uk, an online retailer of padlocks and security solutions based in Liverpool.
This acquisition represents a strategic move for the John Good Group, marking its entry into the e-commerce product marketplace, and whilst niche – one with significant potential for growth and expansion.
Padlocks.co.uk, a well-established business with strong partnerships with world-renowned lock manufacturers including ABUS and Squire, offers a diverse range of padlocks and security products. In addition to distributing products, the company has developed its own brand, Shield, which complements its extensive product range.
Padlocks.co.uk has built a trusted reputation, serving clients such as the NHS, Harrods, The Royal Mint, and Network Rail, while also providing specialised solutions, such as salt-resistant locks for the marine industry. The current Padlocks.co.uk team will continue to play a significant role in the business during an extended handover period.
CEO of John Good Group, Adam Walsh, said: “It is an exciting acquisition for John Good Group as we bring this e-commerce business into the group. We’ve got great digital marketing, creative skills in the business, as well as a heritage in importing and exporting products, storage and logistics.
“I feel we’ve got the perfect blend of experience to help Padlocks.co.uk go on the next wave of growth. We also have a strategic objective to diversify the range of the businesses the Group invests in, and this is a step in the right direction to achieving that.”
Rich Quelch, the Group’s current Chief Marketing Officer, will take on an additional role as Managing Director at Padlocks.co.uk. Adam continued: “It is a great opportunity for Rich to take this step up and the responsibility that comes with being a Managing Director.
“Rich has done a great job since he joined us in 2022, and has proven he has all the right skills to help stimulate new growth and make a positive financial contribution from his efforts.
“I’m looking forward to seeing what he can achieve on the next stage of his career, and the benefit he can bring the John Good Group. I’d also like to welcome all the team from Padlocks.co.uk to the John Good Group. We’re going to go on an exciting journey together.”
