Endless

Endless LLP is an independent private equity firm based in the UK, established in December 2005. The firm specializes in providing financial investment and operational expertise to businesses facing challenges or in special situations. Endless is a flexible investor, engaging in various strategies including buyouts, refinancing, and turnarounds. The firm manages Endless Fund III, which focuses on restructuring and turnaround investments primarily in the information technology, consumer products and services, software, and technology, media, and telecommunications sectors. Their approach emphasizes both financial support and hands-on operational guidance to help revive and grow businesses.

Lee Abbott

Director

Sian Banton

Investment Manager

Kerry Battiscombe

Investment Director

Niamh Buckley

Investment Manager

Tom Callaghan

Investment Executive

Felix Connolly

Director - Enact

Chris Cormack

Investment Director

Mathew Deering

Partner

Paul Denvers

Investment Manager

Jon Duffy

Investment Manager

Darren Forshaw

Co-Founder, Partner & Investment Committee Member

Paul Foster

Finance Director

Matt Green

Associate Director

Roddy Green

Investment Manager

Richard Harrison

Investment Director

Indra Harrison

Investment Director

David Isaacs

Director

Tom Jack

Partner

Matthew Jubb

Investment Director

Adam Keasey

Director

Chris Lewis

Financial Controller

Simon Mason

Investment Director

Linda Nguyenova

Investment Executive

Stefan Nowakowski

Director

Sanjiv Padmanabhan

Portfolio Director

Mike Rice

Portfolio Director

Aidan Robson

Partner & Managing Partner, Funds

Andrew Ross

Partner, Investments

Francesco Santinon

Partner and Head of London Office

Mark Stevens

Investment Manager

John Stevens

Associate Director

Lucia Villamor

Associate Director of Investor Relations

James Warburton

Associate Director

Garry Wilson

Group Managing Partner

Luke Wolf

Investment Executive

James Woolley

Partner

Past deals in Acquisition

Findel Education

Acquisition in 2021
Findel Education Ltd sells educational supplies online.

Amscan

Acquisition in 2020
Amscan is a One-Stop-Shop for all things party, from tableware & decorations, to face paint, costumes, accessories, foil and latex balloons. we design, manufacture, and distribute our own products, we have an unmatched ability to respond quickly to the latest trends, as well as setting a few of our own.

Hovis Ltd

Acquisition in 2020
Hovis Limited produces bread, pastry, and cakes. The company was formerly known as Hovis Opco Limited and changed its name to Hovis Limited in February 2014. Hovis Limited was incorporated in 2014 and is based in High Wycombe, United Kingdom.

BSW

Acquisition in 2020
BSW Timber Ltd is a UK-based integrated forestry business that specializes in the manufacturing and supply of FSC®-certified sawn timber products. The company serves various sectors, including construction, fencing, landscaping, DIY, and packaging. Its product offerings encompass agricultural and general construction timber, machined carcassing, pre-painted cladding, decking materials, railway sleepers, and UC4-certified fence posts and sleepers. BSW Timber's extensive distribution network includes merchants and timber specialists across the United Kingdom and Latvia. Founded in 1848 and operating multiple sawmills in locations such as Newbridge-on-Wye, Southampton, Carlisle, Dalbeattie, Petersmuir, Fort William, and Boat of Garten, BSW Timber Ltd has established a strong presence in the timber industry. The company, previously known as BSW Timber Plc, rebranded in November 2008.

Victoria Plum

Acquisition in 2019
VictoriaPlum.com is the UK’s leading online bathroom retailer. Keep up to date with all our latest news, offers and competitions

Bawtry Carbon

Acquisition in 2019
Bawtry Carbon is a prominent manufacturer and supplier of carbon cathode products tailored for the aluminium smelting industry. Established in 1972, the company operates from a 56-acre site in Austerfield, Doncaster. It specializes in producing consumable carbon-based goods, including carbon cathodes, sidewalls, and ramming pastes. With a focus on meeting the diverse needs of its clients, Bawtry Carbon serves an international customer base and exports its products globally, solidifying its position as one of the few western-world suppliers in this niche market.

Moda Furnishings

Acquisition in 2019
Moda Furnishings LTD manufactures and retails rattan garden furniture. The company offers a range of products, including corner sofas, dining sets, sofa dinning combos, sofas, firepit tables, cube sets, bar and balcony sets, daybeds and sunbeds, bar sets, and curved sofas. It also offers accessories, including storage boxes, scatter cushions, firepit accessories, parasols, outdoor heating, outdoor electronics. The company also sells its products online. Moda Furnishings LTD was founded in 2013 and is headquartered in Manchester, United Kingdom.

Qualter Hall

Acquisition in 2019
Qualter Hall provides one stop shop for a multitude of engineering solutions.

Redhall Networks

Acquisition in 2019
Redhall Networks provides service to the mobile telecommunications and broadcast sectors. Specializing in a broad range of technologies Redhall use our skills and resources to meet the growing demands of the telecommunications and broadcast industries.

American Golf

Acquisition in 2018
American Golf is a privately held company and a golf retailer in the United Kingdom. It operates the premier nationwide retail chain of specialist golf equipment stores, selling a comprehensive range of clubs, bags, balls,clothing and accessories supplied by major golf brands.

Menzies Distribution

Acquisition in 2018
Our ability to evolve as a business whilst ensuring our existing service offer continues to meet and exceed our customers expectations, is dependent not only on our people, but on the tools we give them.We've invested heavily in ensuring we have the latest technology at our operations disposal; from HS Packing machines, and Axon returns scanners, to Optrak route mapping software. And the investment is ongoing.In 2011, we completed installation of the most advanced SAP press distribution system in the world across our network which is revolutionising processes across the entire business and our recent roll out of Track and Trace has reduced the number of claims we receive by half.

Sewtec Automation

Acquisition in 2017
Sewtec Automation Limited specializes in the invention, design, manufacture, installation, and support of industrial automation systems. Founded in 1897 and based in Wakefield, United Kingdom, the company provides a variety of automated packaging machines, including case closers, case erectors, pallet loaders, and robotic handling systems. Sewtec serves multiple sectors, including beverages, food, pharmaceuticals, personal care, and tobacco. Initially part of the Singer sewing machine company, Sewtec has evolved over the years to focus on automation solutions, leveraging its extensive experience to deliver tailored products for clients. The company is committed to innovation, offering a range of automation systems designed to enhance operational efficiency for its customers while maintaining a strong emphasis on confidentiality.

Antler Ltd

Acquisition in 2017
Antler Ltd is a British company that specializes in the design and manufacture of high-quality luggage. With over a century of experience, Antler has established itself as a leader in the luggage industry through its commitment to craftsmanship and innovation. The company produces lightweight luggage bags, which are sold both in retail stores across the United Kingdom and internationally, as well as through its website. In addition to its core luggage business, Antler manages an early-stage venture capital fund, Antler Fund, based in Singapore, which targets investments primarily in Australia.

CTI Trusted Travel Partner

Acquisition in 2017
CTI Trusted Travel Partner provides travel management services. The company offers online and offline flight, hotel, and rail and Eurostar reservations. It also provides meeting and event services, such as event management, meetings and conference management, venue finding, and event and venue request services.

Kennelpak

Acquisition in 2017
Established in 1974, Kennelpak retails a selection of pet food, pet accessories and toys amongst other products for dogs, cats, birds, aquatics, reptiles, horses and home farming. Additional services also include: grooming, local training, nutritional advice and licensed medication.

Theo Fennell

Acquisition in 2017
Theo Fennell plc is a prominent jewelry design and manufacturing company based in London, United Kingdom, established in 1982. The firm specializes in creating fine and silver jewelry, which includes an array of products such as bracelets, bangles, chains, charms, cufflinks, earrings, pendants, brooches, necklaces, and rings. In addition to jewelry, the company offers a selection of silverware and giftware, encompassing barware, curiosities, box sets, tabletops, and homeware, as well as watches. Renowned for its distinctive and inspirational designs, Theo Fennell's work merges modern aesthetics with classical traditions, making it easily recognizable. The brand has earned recognition for its meticulous attention to detail and innovative approach, establishing itself as a significant entity in the global jewelry and silverware market. The company operates as a subsidiary of Mirfield 1964 plc.

PRAC Financial

Acquisition in 2017
PRAC Financial is a niche provider. We have no interest in competing with the larger, institutional debt purchasers. The aim is to provide a solution to debt sellers which others do not offer. We therefore seek out portfolios of a complex nature, such as commercial portfolios or litigation portfolios. PRAC utilise our specific background to take a methodical, case management approach to collecting the debts which is not available within larger debt buyers.

Affinity Workforce

Acquisition in 2017
Affinity Workforce is a UK-based provider of workforce recruitment and management services, operating from 19 locations nationwide. The company encompasses various brands across its divisions, including Monarch, CER, and Quality Teachers in the Education sector; 4FRONT and Team24 in Healthcare; and Medicare First in Social Care. Affinity Workforce specializes in placing candidates such as teachers, nurses, and social workers into roles primarily within the public sector, offering both temporary and permanent staffing solutions. With a vast customer network, the company provides unmatched access to job opportunities for its candidates.

Jones Bootmaker

Acquisition in 2017
Jones Bootmaker has created high quality, stylish collections of shoes, boots and accessories. With expert craftsmanship at the heart of everything we do and on-trend designs season after season, you will be spoilt for choice.

Carpet & Flooring

Acquisition in 2017
Carpet & Flooring is supplies floor coverings, screeds, adhesives & accessories for a wide range of sectors. It offers safety flooring and accessories, laminates, carpets, underlays, carpet tiles, grippers and trims, cushion vinyl products, stair nosings and flooring accessories, luxury vinyl tiles, adhesives and screeds, entrance mattings, tools, and wood floorings. It serves market sectors, including residential, healthcare, leisure, education, commercial, hospitality, retail, and new build and refurbishment and renovation. C

Arran Aromatics

Acquisition in 2017
Arran Aromatics Ltd. is a company based in Dundonald, United Kingdom, specializing in the development, production, and sale of bath, body, and home fragrance products. Founded in 1988, it offers a diverse range of items, including male grooming products, luxury fragrances for both men and women, glycerin and vegetable soaps, hand washes, and soothing creams. Additionally, the company provides home fragrances such as reed diffusers, room sprays, and scented candles, as well as travel-sized toiletries and fragrance gift sets suitable for all ages. Arran Aromatics distributes its products through a network of wholesale partners, including department stores and independent retailers, both in the United Kingdom and internationally, and also sells directly to consumers via its online store. The brand's offerings are distinguished by the pure, mineral-rich waters of the island of Arran, which contribute to the uniqueness of its fragrance-led products.

MTI Europe

Acquisition in 2017
MTI Europe offers information infrastructure solutions and consulting services to mid-enterprise and corporate organizations.Its services include data storage protection, D/R facilities, de-duplication technologies, business continuity, email compliance, archival, recovery management, virtualization, data migration, support, infrastructure consultancy, and professional services deployment.

WHP Engineering

Acquisition in 2016
WHP is a multi-disciplined, engineering company dedicated to providing both standalone and turnkey solutions for highly-regulated, controlled environments and complex manufacturing processes across Europe. Their innovative solutions help organisations increase compliance, productivity and profitability. Services range from design and build, commissioning, validation, maintenance to project management services, which are delivered end-to-end by our in-house team of planners, designers, programmers, engineers and highly-skilled, technical experts.
Oughtred & Harrison (Facilities) Limited, trading as O&H Vehicle Conversions, designs, manufactures, and leases vehicles. The company offers ambulances; patient transport service, such as rapid response, fire and rescue, police and prison, and welfare vehicles; and minibus and low floor minibus conversions, wheelchair accessible taxis, and other vehicle conversions. It serves ambulance trusts, private ambulance operators, local councils, and mobility operations in the United Kingdom. The company was founded in 1988 and is based in Goole, United Kingdom.

Kesslers London

Acquisition in 2016
Located in London, our state-of-the-art retail design and manufacturing facilities enable us to seamlessly manage our clients’ merchandising display solutions from start-to-finish, providing one clear route of communication.

Brabant Alucast

Acquisition in 2016
Brabant Alucast is specialized in the casting and machining of high-grade products in a range of magnesium and aluminium alloys.

Bright Blue Foods

Acquisition in 2015
Bright Blue Foods is a prominent ambient cake manufacturer in the UK, specializing in retailer own label, licensed, and branded cakes. The company serves a diverse range of recognizable retailers across the UK and European markets. Its product offerings include celebration cakes, tarts, chocolate enrobed cakes, Christmas cakes, and mince pies, as well as chilled desserts like cheesecakes, sponge puddings, and crumbles. Bright Blue Foods is dedicated to providing a variety of high-quality bakery products, ensuring that customers have options to suit their preferences.

Royal Imtech

Acquisition in 2015
Royal Imtech N.V. was a European technical solutions provider in the fields of electrical and mechanical solutions and automation. With around 22,000 employees working in seven divisions, Imtech achieved annual revenue of approx. 4 billion euro (2014). Imtech held attractive positions in the buildings and industrial markets in the Benelux, Germany, Austria, Eastern Europe, Sweden, Norway, Finland, UK, Ireland and Spain, as well as in the European market for traffic & infra and in the global marine market. Imtech offered integrated and multidisciplinary total solutions for complex technical challenges, from design, consultancy and engineering to maintenance management, implementation and services. Over more than 150 years Imtech had built a solid track record on improving energy efficiency, mobility, safety and productivity – its way of driving progress and contributing to a sustainable society.

Essential Fleet Services

Acquisition in 2015
Essential Fleet Services is a provider of specialist fleet management. With a history stretching back 42 years, Essential Fleet Services understand that the Public Sector, and local authorities in particular, are facing increasing challenges as financial pressures grow, public expectations rise, and councils have the challenge of planning the capability to respond. There’s a constant review of what constitutes core and non-core activity for local authorities. The drive for efficiency, while maintaining standards, has often been seen as a trade-off. When it comes to the delivery of front line services, and the vehicles that support them, this challenge requires new thinking to overcome the problem.

High Street TV

Acquisition in 2015
High Street TV is a television shopping channel business. High Street TV is one of the UK’s largest and most successful Multi-Channel retailers. With four 24-hour dedicated shopping channels across SKY (658, 662 & 666) and Freesat (821) as well as advertising on over 50 digital TV channels in the UK & Ireland including ITV, Channel Four and Five, you will find our product range available to buy via all main channels of distribution including TV, online, print, and mobile. We’re also proud to have our products stocked in over 9,000 retail outlets, including Argos, John Lewis, Harrods, all major supermarkets nationwide and other prestigious high street retailers.

Fmg

Acquisition in 2015
FMG Support Limited provides fleet incident management and vehicle recovery services to fleet, leasing, and insurance markets. Its fleet incident management services include first notification of loss, repair management, legal, business intelligence, driver behavior based telematics system, risk management, and third party claim services; and recovery services comprise roadside telephony response, network management, police schemes, roadside assistance and recovery, and roadside repair. It provides its services through a network of repair and recovery partners in the United Kingdom. The company was founded in 1986 and is based in Huddersfield, United Kingdom. As of October 27, 2015, FMG Support Limited operates as a subsidiary of Redde plc.

Adare Group

Acquisition in 2015
Adare Group is a leading provider of Global Marketing Services and Secure and Essential Communication Solutions made up of two specialist businesses: Adare International and Adare SEC.

Excelsior Technologies

Acquisition in 2014
Excelsior Technologies Ltd. designs, develops, manufactures, and supplies flexible packaging solutions. Its products include technical films, flexible laminated films, pouches, micro-steam packaging, sterilizable packaging products, cold and heat seal coatings, and lidding films. The company serves food, medical, household, and specialty markets. It exports its products to China, Japan, the United States, South Africa, and internationally. The company was incorporated in 2004 and is based in Flintshire, United Kingdom. As of February 6, 2017, Excelsior Technologies Ltd. operates as a subsidiary of Mondi plc.

Stirling Dynamics

Acquisition in 2014
Stirling Dynamics is a fast-growing, advanced engineering company that delivers a range of complex systems.

The Book People

Acquisition in 2014
The Book People Group Limited is a prominent book seller based in Godalming, United Kingdom, specializing in a diverse range of literary offerings. Established in 1988, the company provides an extensive selection of children's books, including fiction, picture books, early years materials, educational resources, and gift sets. Additionally, it caters to adult readers with fiction spanning various genres such as crime, fantasy, historical fiction, and romance, alongside a robust collection of non-fiction titles covering topics like health, lifestyle, history, and hobbies. The Book People serves customers both in the United Kingdom and internationally, utilizing online platforms, catalog sales, and a local bookseller network to reach its audience effectively.

Gradus

Acquisition in 2014
Gradus Limited offers a comprehensive range of Contract Interior Solutions including stair edgings & floor trims, carpet & vinyl flooring. Gradus was founded in 1966 and has evolved from a flooring accessories business, which still remains at the heart of its activities, into a fully fledged contract interior solutions provider. With over 300 employees serving both the UK and International markets, Gradus offers solutions for floorcoverings, barrier matting, wall protection, and lighting design, in addition to a comprehensive range of stair edging and floor trim profiles. Our culture is built on problem solving, service and customer support, and the Gradus brand values of quality and expertise are implemented throughout all business activities to ensure peace of mind for all our customers. Download the Corporate Brochure for further information or contact us.

EVO Group

Acquisition in 2014
EVO Group is a leading distributor of business supplies and services in the United Kingdom and Ireland, known for its extensive range of products and efficient logistics. Established in 2014 and headquartered in Sheffield, the company specializes in cleaning supplies, ergonomics, packaging solutions, technology accessories, office furniture, and essential stationery items. EVO Group serves over 20,000 resellers, corporate organizations, and direct customers through its subsidiary companies, including VOW and Banner. With a robust infrastructure that includes a fleet of over 350 vehicles, EVO Group manages over one million deliveries each month and processes more than 100,000 product lines daily from its expansive warehousing facilities. The company's focus on sourcing, delivery, storage, and fulfillment services positions it as a key player in the business supplies sector.

Kiddicare

Acquisition in 2014
Kiddicare family is in our DNA. We know how totally, utterly and brilliantly life-changing babies can be; that's why, since 1974, we've been doing what we do best - making life happier and easier for parents. the Kiddicare promise Whether you shop online, on your mobile or in our flagship Peterborough store we promise hand-on-heart: price match guaranteed, we'll never be beaten on price* seriously brilliant kit with thousands of products to choose from trusted & expert advice from specialists who really know their stuff service so good it wins awards all the little extras that parents love like 365 day returns, free standard delivery, free car seat fitting and free pushchair MOTs*.

Bathstore.com

Acquisition in 2014
Bathstore is a specialist bathroom retailer and is the largest in the United Kingdom, client dream bathroom suite online & get fast.

West Cornwall Pasty Co. Ltd

Acquisition in 2014
West Cornwall Pasty Co. Ltd is a producer of handcrafted Cornish pasties based in Truro, United Kingdom. The company specializes in creating authentic pasties that are made by hand, reflecting traditional recipes and techniques from West Cornwall. Its focus on quality and craftsmanship distinguishes it in the market, allowing the company to cater to customers seeking genuine Cornish cuisine.

James Briggs Ltd

Acquisition in 2013
James Briggs Ltd. develops, manufactures, and sells aerosols and consumer chemicals for customers in Europe and internationally. The company offers adhesives, additives, lubricants, line markers, and paints and coatings; and winter auto, maintenance, valeting, janitorial, and shoe protection products. It serves automotive, clothing/footwear, construction, decorative, industrial/MRO, janitorial, leisure, and oil/gas sectors.

Karro Food Group

Acquisition in 2013
Karro is a producer of bacon, gammon, fresh pork, frozen sausage, ham and cooked meats. Karro supply high quality meat products to retail, foodservice and manufacturing customers across the UK. Karro process circa 45,000 pigs each week for delivery to the UK’s major supermarkets and wholesale food suppliers markets, all with full supply chain visibility. Our pork is eaten by millions of consumers every year, and is stocked across the country by leading retailers. Karro Food Group headquarters’ are located in Malton, North Yorkshire, and employ circa 3,000 people across our national food production locations.

Vion Food Group

Acquisition in 2012
Vion is an international meat producer with production locations in the Netherlands and Germany and sales support offices in thirteen countries worldwide. Their three divisions: Pork, Beef and Food Service, provide fresh pork and beef, and by-products for retail, foodservice and the meat processing industry. They supply customers in their home markets of the Netherlands and Germany, as well as in other countries all over the world. Their headquarters are located in Boxtel, the Netherlands.

Cinesite

Acquisition in 2012
Cinesite is a prominent visual effects and animation company headquartered in London, United Kingdom, with additional studios in Vancouver and Montréal. Established in 1991, Cinesite specializes in creating high-quality visual effects for feature films and television shows, catering to a global clientele. The company boasts a team of award-winning visual effects artists who transform filmmakers' concepts into stunning cinematic experiences. Known for its creativity and technical expertise, Cinesite has established itself as one of the largest and most innovative visual effects companies in the industry.

Acenta Steel

Acquisition in 2011
Acenta Steel manufactures and distributes hot rolled and bright steel bars worldwide. It provides hot rolled bars, squares, rounds, flats, hexagons, and half rounds; and cold finished bright drawn rounds, hexagons, squares, flats, and special sections. The company also distributes bright drawn bars, black bars, cast iron products, tool steels, and toolroom materials; and engineering steel bars, merchant steel bars, reinforcing steel bars, hollow sections, and wire rod in coil.

Liberata

Acquisition in 2011
Liberata is one of the UK's leading providers of business process services having supported clients for over 35 years in improving their operational cost management and service performance to deliver real business and social benefits and improve their customers' experience.

Amdega

Acquisition in 2010
Amdega designs, manufactures, and installation of timber and glass conservatories.

Webb

Acquisition in 2010
Webb Group Limited supplies home entertainment products in the United Kingdom. The company supplies games, DVDs, music, gifts, home and outdoor, and personalized products.

Trutex

Acquisition in 2010
Trutex Limited manufactures and supplies school uniforms and sportswear for boys and girls. It offers shirts, blouses, knitwear, sweatshirts, jogging pants, polo shirts, trousers, shorts, skirts, blazers, pinafores, and outerwear. The company also provides embroidery, marketing support, and other services. It sells its products through stores in the United Kingdom and Ireland; online stores; and supplying companies worldwide. The company was founded in 1865 and is based in Clitheroe, United Kingdom.

JTF Mega Discount

Acquisition in 2009
JTF Mega Discount Warehouse is an online store where you can get mega savings on the nation's favourite brands. Its stores sell a range of products in the categories of electrical goods, DIY and car products, garden products, furniture, pet products, home living goods, toys and games, and sports and hobbies. The company also sells products through its online store.

Crown Paints

Acquisition in 2008
Crown Paints manufactures and markets paints in the United Kingdom and Ireland. The breadth of Crown Paints’ portfolio encompasses the professional and DIY user, with brands known for quality and reliability. The company offers basecoats, quick dry undercoats, ceiling paints, cupboard makeover paints, cupboard primers, colors for interior walls, liquid glosses, interior primers, metal primers and undercoats, metallic emulsions, multi surface primers and undercoats, non-drip glosses, non-drip satins, matt shades, satin finishes, coat matt emulsions, coat glosses, wood primers and undercoats, kitchen and bathroom matt emulsions, solo satins, stain block primers, and undercoats.
Amalgamated Construction (AMCO) provides a diverse range of specialist construction and engineering services. We create and maintain assets for both public and private sector customers in the specialist sectors of rail and engineering.

DavyMarkham

Acquisition in 2007
DavyMarkham designs and manufactures heavy and complex engineering components and assemblies for projects in Western Europe, Canada, the United Kingdom, the United States, and France. The company designs, manufactures, supplies, installs, tests, and commissions complete mechanical and engineering products that include critical mechanical elements, hydraulic cylinders and operating systems, electrical power and control systems, traffic management systems, and security management systems. One of the largest integrated manufacturing plants in Europe with 180 years experience. Operating in the following sectors: Mining and Tunnelling, Metals Processing and Quarrying, Bridges and Structures, Nuclear, and Defence and Hydro.

Phoenix Foods Ltd

Acquisition in 2007
Phoenix Foods Ltd manufactures dry powdered and granular food products such as hot chocolate, frappe blends, milkshakes, custard, instant desserts, iced tea, stuffing mix, gravy powder, and cornflour.

Peter Black International

Acquisition in 2006
Peter Black International is merchandises consumer products. It manufactures, markets, imports and distributes consumer goods within the personal care, footwear and accessories sectors. Black's major market base is in the UK, with Marks & Spencer as their principal customers.

Neville Johnson

Acquisition in 2006
Neville Johnson Ltd. engages in designing interiors for clients for their homes and lifestyle in Great Britain. It offers bedroom furniture, lounge and living room furniture, home office furniture, home library furniture, staircases, and sofas. The company was incorporated in 1983 and is based in Manchester, United Kingdom. Neville Johnson Ltd. operates as a subsidiary of BHID GROUP LTD.