Logistics firm John Good Group has made a move into e-commerce by acquiring an online padlock retailer – and it says there’s great potential for growth in the “niche” world of lock sales.
The East Yorkshire group has bought Nothing But Ltd, trading as Padlocks.co.uk, an online retailer of padlocks and security solutions based in Liverpool.
Padlocks.co.uk has partnerships with lock manufacturers including ABUS and Squire and has developed its own brand, Shield. Clients include the NHS, Harrods, The Royal Mint, and Network Rail, while it also offers specialised products such as salt-resistant locks for the marine industry.
Family-owned John Good has been in business for more than 190 years. It said: “The current Padlocks.co.uk team will continue to play a significant role in the business during an extended handover period.”
CEO of John Good Group, Adam Walsh, said, “It is an exciting acquisition for John Good Group as we bring this e-commerce business into the group.
“We’ve got great digital marketing, creative skills in the business, as well as a heritage in importing and exporting products, storage and logistics. I feel we’ve got the perfect blend of experience to help Padlocks.co.uk go on the next wave of growth. We also have a strategic objective to diversify the range of the businesses the group invests in, and this is a step in the right direction to achieving that.”
Rich Quelch, the Hessle group’s current chief marketing officer, will also become managing director at Padlocks.co.uk. Mr Walsh said: “It is a great opportunity for Rich to take this step up and the responsibility that comes with being a managing director. Rich has done a great job since he joined us in 2022, and has proven he has all the right skills to help stimulate new growth and make a positive financial contribution from his efforts.
“I’m looking forward to seeing what he can achieve on the next stage of his career, and the benefit he can bring to the John Good Group. I’d also like to welcome all the team from Padlocks.co.uk to the John Good Group. We’re going to go on an exciting journey together.”
