Nick Rhodes, a consultant plastic and reconstructive surgeon, had been acting as medical director at the family run business on Coppergate since 2008 and was approached by owner Sharon Moore about purchasing the business.
“My experiences with face etc… over the last eight years meant I had no hesitation in saying yes the moment Sharon suggested we made the purchase,” said Nick. “It really is a fantastic business with a loyal customer base and, vitally from our perspective, a huge amount of growth potential.”
Nick and Orla were advised by the York office of law firm Lupton Fawcett with funding to assist the acquisition provided by the Royal Bank of Scotland.
Amongst the areas identified for development are moves into several new treatments, including Lipofreezing Coolsculpting and AesthetiCare Skinlux Light Therapy. The former, already popular in the United States, involves freezing stubborn pockets of fat, which are removed via the lymphatic drainage system over a period of weeks following treatment; while the latter is a non-invasive, relaxing treatment programme designed to improve skin quality as well as plumpness.
Investment has already been made in two new high-tech machines namely an Ultherapy non-surgical face and neck lift device and a fat busting, skin tightening Exilis machine for face and body.
Nick and Orla are also seeking Care Quality Commission approval for an operating room at the clinic. This would allow Nick to carry out a wide range of minor cosmetic surgeries, including eyelid rejuvenation, micro-fat grafting and minimally invasive facial-lifting procedures. While the clinic’s dermatologist would be able to utilise the new facility to remove lumps, bumps and skin tags for both diagnostic and aesthetic purposes.
“These are just the first steps in what we hope will be a highly successful new era for Face etc…” added Nick. “Orla and I have taken over a clinic that was named in the top three medispas in the North of England in the 2015 Aesthetic Awards, and our aim is simple – we want to be the best. Not just in the North, but in the entire UK.”
Martin Frost, director of Lupton Fawcett who headed up the team which advised on the deal, said,
“Sharon’s decision to sell was a fantastic opportunity for Nick and Orla to purchase the business. We were delighted to be able to assist them and structure the deal to accommodate the requirements of all parties. It was great to be able to be involved with an innovative business like Face Etc, which has facilities and cutting edge equipment unique in the area. I know Nick and Orla have big plans for the business and wish them every success taking Face Etc on to even greater heights.”
The Royal Bank of Scotland structured a funding package to assist Nick and Orla with the purchase. Senior relationship manager, Paul Craske, said, “Face etc…is a very reputable business that has already developed a strong customer base in the region. The aesthetics industry is a rapidly growing sector and the business is set to continue to expand rapidly under Nick and Orla’s guidance as they have the skills and expertise to develop it further.”
Nick and Orla will be launching their new business with an open event on Thursday 2 February between 4.00pm and 9.00pm.
Orla and Nick Rhodes of Medispa Face Etc… with Martin Frost of Lupton Fawcett