Dransfields Novelty Company Limited, the largest British-owned supplier of gaming machines and entertainment products to pubs and clubs, has acquired Crystal and Son to expand its UK bingo and gambling presence further.
North Tyneside-based Crystal and Son, which originally traded as Bill Grimes printers until 1991, supplies club and fundraising products, including everything from football scratch cards, bingo dabbers, and raffle tickets to bingo books, bingo machines, and payment cards.
Crystal and Son initially supplied working men’s clubs throughout the Northeast by printing membership cards, tote tickets, and key draw tickets. Later, the business expanded to include bingo products.
Dransfields Novelty Company Limited, a 75-year-old Leeds-based company, has acquired Crystal and Son for an undisclosed fee. This acquisition comes five years after Dransfields acquired Gameco Holdings Limited. The acquisition expands Dransfield’s range of goods and services it can supply to pubs and clubs while complementing its core operations. It also brings valuable expertise to the enlarged group.
Chris Hayley, managing director of Dransfields, said of the Crystal and Son purchase:
We look forward to integrating Crystal & Son Group into our operations and continuing our mission to deliver high-quality products and services to our customers.”
Dransfield Growth
Before the Crystal and Son acquisition, Dransfields had been registering strong growth. According to the accounts filed at Companies House, the company registered 18.2% sales growth for the financial year ending 2023, and its net operating profit margin was 3.86%. However, the figures for 2023 were down from the previous year but considerably higher than in 2021.
In the financial year ending 30th June 2022, Dransfields saw sales grow 199% and a net operating profit margin of 16.90%.
The previous financial year was tough for Dransfields. Severely hampered by COVID restrictions and bingo hall closures, Dransfields registered a 57.3% decline in sales growth and a 23.14% decline in the net operating profit margin.
The acquisition of Crystal and Son highlights Dransfield’s far stronger position over the last couple of years.
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