Stanley Gibbons Group

Stamp and coin dealership group Stanley Gibbons Group has been rescued from administration in a buy-out deal with owner Phoenix Asset Management.

Stanley Gibbons Group, the stamps and coins dealership and auction specialist, has proposed to go private and remove its listing from the Alternative Investment Market (AIM), which is a junior sub-market of the London Stock Exchange.

Collectables group Stanley Gibbons Group has pointed to evidence that both coins and stamps “do well during periods of heightened inflation”.

Stamp and coin dealership Stanley Gibbons Group has begun a Chapter 11 process in the United States for its US subsidiary Mallett Inc.

Stamp and coins dealership Stanley Gibbons reported its full year results highlighting the impact the pandemic had on sales.

Stanley Gibbons Group, which runs philately auctioneer-dealer Stanley Gibbons, numismatic dealership Baldwin’s and auction joint venture Baldwin’s of St James’s, will shortly reopen its newly refurbished shop and head office at 399 Strand in central London.

An update on recent appointments or launches at auction houses and dealers.

Dealership Stanley Gibbons Group has hired Graham Elliott Shircore to push ahead with its strategy of focusing on its core business of stamps and coins and reducing its debts.

Stamp and coin dealership Stanley Gibbons Group has sold a stake to the owner of model railway and collectables retailer Hornby to help pay down debt.

Antiques dealership Mallett has been reunited with its former stablemates Dreweatts and Bloomsbury following a £100,000 purchase by Gurr Johns-owned Dreweatts.

Troubled stamp-dealing company Stanley Gibbons Group reported losses in the half year to the end of September reduced to £3.1m, from £6.4m in the previous year, but sales fell 4% to £16.6m.