Joint Administrators Mark Supperstone and Simon Jagger of ReSolve, the leading boutique business  advisory, restructuring and investment practice, are pleased to announce the successful sale of LifeBook Limited (“LifeBook” or the “Company”), a privately-owned memoir writing service based in the UK, to LifeBook Memoirs Ltd. 

LifeBook conducts personal interviews with its customers and using a team of skilled writers, creates a  personalised, autobiographical life story in a beautifully bound book featuring long held memories,  experiences and photos for customers to share with family and friends. The Company offered a truly  unique service bringing a customer’s memoir to life both in print and audio recording, which can be  passed down through the generations as a family heirloom.  

The Company required additional investment to continue trading and whilst the founders were agreeable to providing further investment, the proposed terms were not agreed. There was little appetite amongst the other existing investors to put further funds into the business, hence the management team contacted ReSolve to discuss and consider its options. In November 2022, the Company engaged ReSolve to commence an accelerated marketing campaign. There was interest from certain private investors, however no offers were received. In the absence of an offer, the directors, Roy Moëd and Yvette Conn put forward an offer to purchase the Company’s business and assets, which was  subsequently accepted and the sale completed on Friday 9 December 2022 

The sale has secured the transfer of the Company’s 17 employees to the new company together with all unfinished memoirs, that were at risk of remaining incomplete. The sale was executed smoothly, and the new owners are committed to investing further into the business to ensure its success. 

Simon Jagger, Partner at ReSolve, commented: 

“We are delighted to have secured the future of this unique UK-based business. Being able to pass on a lifetime of memories is a gift and we look forward to watching Roy and Yvette take this business to the next phase.” 

Roy Moëd, Director at LifeBook, commented: 

“On behalf of myself and everyone at LifeBook I would like to thank the team at ReSolve for helping us to secure the future of our beloved business. This has been a difficult process, but I believe that with the right investment, this business can go from strength to strength. We hope to help more people tell their life stories.’’ 

Hilco acted as valuation agent and Kingsley Napley acted as legal counsel on behalf of ReSolve whilst Blake Morgan acted as legal counsel on behalf of the purchaser.