Stanley Gibbons to gather new investors in the wake of the delisting

Stanley Gibbons, the global rare stamp and coin dealer, is exploring a sale less than 18 months after being delisted from the London Stock Exchange.

Sky News has learned that Stanley Gibbons, one of the collectors industry’s most prominent names, is working with advisers to attract new investors.

City sources said an outright sale was a possibility, but that a number of options were being explored.

PricewaterhouseCoopers, the accounting firm, oversees the process.

Stanley Gibbons traces its roots to 1856 and claims to be the world’s oldest rare stamp dealer.

The company’s eponymous founder was born in 1840 – the same year the original Penny Black was released.

It has had a Royal Warrant since 1856 and had been a listed company for just over 20 years before being delisted.

The move to delist it was engineered by Phoenix Asset Management, its controlling shareholder, which had warned that its continued financial support for Stanley Gibbons would be in doubt unless the delisting was approved.

It was unclear Monday whether Phoenix wanted to retain a stake in the company.

In a statement, Stanley Gibbons said: “On the back of a strong performance this year across the business, we are now seeking new investment to support our growth plans and the innovation of our services to meet the needs of today’s collectors.

“This is a positive development for the company, but we cannot comment further at this time.”

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