Set up in 1994, QVS operates out of 13 retail units across southern UK and provides an online same or next day delivery service on a nationwide basis. Over the last 15 years, the business has developed relationships with factories in the Far East and created its own ranges of branded products. It has over 70 staff.

As the two founder directors take retirement, the sale should give the QVS brand the opportunity to develop new stock lines as part of a larger Group, grown the business and increase revenues. The sale transaction took just two months.

Ryness finance director, Steve Westbrook said: ‘Avondale’s introduction and assistance in the acquisition was invaluable and we are proud to take such an established brand into our wider group with plans to develop, grow and expand the business.’

The main shareholder, Peter Brain, welcomed the sale to Ryness, adding: ‘This deal recognises the strength of the QVS business. Avondale not only found a buyer at a critical time but held our hand throughout. We feel sure the business will continue to grow from strength to strength and add value to our customers.’