Dentist entrepreneur ready for international expansion
James Hull Associates (JHA), the cosmetic dentistry business, has received £90m of funding in order to embark on international expansion plans.
Founded in 1989 in Monmouthshire by the dentist turned entrepreneur James Hull, the company has grown by 25% on an annual basis for the past four years, and now has over 30 practices nationwide.
The investment comes from private equity firm Hutton Collins, which, as a result, has become the largest stakeholder in the business.
Hull retains a stake in the company and is believed to be its largest minority stakeholder.
The company’s expansion will be international and Hull plans to open new practices in areas such as Paris, Milan and Dubai.
By 2009, Hull aims to have increased the company’s turnover from its present level of around £34m up to £55-60m.
He told icWales that his ambition is to have a ‘national one-stop, non-invasive cosmetic surgery business’.
Hull added that a major part of his business’ growth has been fuelled by patient’s dissatisfaction with the NHS.
He reportedly said: “It’s very sad, what’s happened to the NHS. I was a full-time NHS dentist for 10 years.
“It can offer a basic service but people’s expectations have risen. People want to have fresh breath and a happy, confident smile.”
Also, the company might consider a flotation on the stock exchange in two to three years time.
© Crimson Business Ltd. 2006