The directors of MG Cannon and Business Success Global (BSG) have reached agreement to separate the two businesses, with Robert Snook resigning as a director of MG Cannon and Vince Scudder resigning as a director of BSG.
In a joint statement, the pair said that both companies have enjoyed significant growth and successes in recent years and this is set to accelerate in 2023 and beyond.
For the past few months, the directors have been discussing options on how best to provide the required strategy and capacity for growth in both businesses so that they can continue to fulfil their potentials, the statement said.
As a result, the directors agreed a complete separation and the following actions have now been registered with Companies House, where the changes will be publicly available in due course:
- Robert Snook has resigned as a director and employee of MG Cannon Ltd and Computers Dotcom Ltd (MG Cannon’s sister IT company), and has sold all his shareholding to MG Cannon Ltd. The remaining shareholders of both companies retain their shares.
- Vince Scudder has resigned as a director of Business Success Global Ltd and sold all his shareholding to Robert Snook, who is now the sole owner, director and shareholder of Business Success Global Ltd.
BSG and MG Cannon now have no connection with each other and will continue to trade as completely separate entities, with no access to each other’s business.
Scudder said: “I enjoyed my time seeing BSG be born and develop, but we had to face the fact that MG Cannon and BSG are demanding more and more director time as they continue to grow. This change was agreed between us all as the best way forward and I wish Robert all the success in continuing to grow BSG into the exciting vision he has for it.”
Dan Wareham, managing director and finance director of MG Cannon, added: “Both businesses have achieved an awful lot in recent years and we wanted to ensure both continued to succeed in future. Following analysis of various options, we all strongly believed this was the best solution to enable that to happen, so it has been an amicable and smooth separation.”
Snook (pictured) said: “I would like to thank the MG Cannon team, partners, customers and suppliers for their tremendous support over the past 10 years. I will enjoy watching its continued growth. Looking ahead with BSG, I am incredibly excited by the future as an independent company that will continue to develop the exciting and unique position it has attained in our industry.”
MG Cannon operates out of eight sites – six manufacturer-approved bodyshops and two Magic cosmetic repair centres – across 10 counties in southern England. BSG provides licenced business coaching, management consultancy, mentoring, training, professional event moderation and keynote speaking solutions to organisations and individual business leaders.
