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Richard Osborne, the Northampton based entrepreneur, is celebrating having sold one of his businesses for £250,000 to a prestigious national media group.

Northampton based entrepreneur Richard Osborne is celebrating having just announced that he has sold UKBusinessForums.co.uk (UKBF), the UK’s leading free small business advice and help forum, to Sift Media in a deal worth up to £250,000.

Richard, who is also the Managing Director of Quick Formations, purchased UKBF in 2004 and then invested in the region of £10k of his own money in high profile branding campaigns, hosting, legal fees and development work in order to grow the forum to become the number one in the UK that it is today.

As UKBF has risen in prominence so has the number of companies interested in purchasing the site and this intensified in recent months when several large bids were made before Sift Media made Richard an offer he could not refuse.

Richard has spent the last few months negotiating the terms of the sale and will continue to hold a management role on the forum for the immediate future.

Bristol based Sift Media is a leading business-to-business publisher specialising in online, interactive professional communities such as Finance Week, AccountingWEB.co.uk, HRZone.co.uk, MyCustomer.com and BusinessZone.co.uk to name but a few.

Speaking about the sale of the forums, Richard Osborne commented,

“I was not actively looking to sell UKBusinessForums but I felt that not only did the offer come at the right time for me in terms of allowing me to further develop my wider businesses portfolio, but Sift Media are just as passionate as I am about growing valuable online communities so I knew it would be in safe hands”.

Ben Heald is the CEO of Sift Media and he commented,

“UKBusinessForums is a great fit for our growing portfolio of professional communities. Richard’s done a great job getting the community going and we strongly believe that our comprehensive knowledge in this area will enable us to help the forum develop even further”.

UKBF has been the springboard for several well known companies such as MyVoucherCodes.co.uk that is now the UK’s leading discount website and upon the announcement of the sale forum members were quick to praise Richard for his management and growth of the free to use site.

UKBF now has over 10,000 registered members and independent research has shown that it is the UK’s largest forum of its type. For more information visit www.ukbusinessforums.co.uk.

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Editors Notes:

For more information contact andy@10yetis.co.uk, or call 01452 527898 Or Ben Heald, bheald@sift.com or 07710 428871

About Quick Formations (www.quickformations.com)

- Quick™ Formations is one of the UK's leading online company registration services.

- In 2004 Quick™ Formations was a runner up in the East Midlands Regional Business Awards in the category of best use of Technology

- Quick™ Formations won the E-Business Startup of the Year award for the East of England E-Commerce Awards.

- Quick™ Formations won two Highly Commended awards at the 2004 Northamptonshire Business Excellence Awards in the categories of E-Commerce and Entrepreneurial Business of the Year

- Quick™ Formations won the 2005 East of England E-Commerce Awards for Best Customer Care award and was highly commended in the categories of, Best Sales & Marketing Online and Best Use of Broadband.

- Quick™ Formations won the 2005 East Midlands Chamber Award for Innovation Through Technology, sponsored by Microsoft

- Quick™ Formations won the title Entrepreneurial Business of the Year at the 2005 Northamptonshire Business Excellence Awards

- Richard Osborne, MD of Quick™ Formations is a member of the Business Champions program. Business Champions is funded by the East Midlands Development Agency

- Quick™ Formations is proud to be part of the NSPCC’s Partners in Business network

- Quick Formations provides qualified corporate compliance and business startup support and advice for individuals and professionals worldwide with partnerships is Denmark, China, Germany, Norway and America

- Richard Osborne is a Young Enterprise volunteer business advisor

About Sift Media (www.siftmedia.co.uk)

- Sift Media is a leading business-to-business publisher specialising in online, interactive professional communities.

- With a range of services including websites, email publications, industry awards and events, Sift Media delivers original, branded content to over half a million professionals in accounting and finance, HR and training, IT, marketing, customer management and knowledge management.

- Did you know - £1 in every £25 spent on UK online business display advertising is spent with Sift Media?

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MEDIA QUIZ

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Q: Who in Greek Mythology was the brother of Zeus and God of the sea?

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