ORIGINAL FOUNDING PARTNERS WILL WHOLLY OWN AND OPERATE THE COMPANY
London, UK, 16/09/20, Momentum Social, provider of digital strategy and media production services, is pleased to announce that its original founding partners, Jake Spencer Cawthorne and Alex Jordan Wood, have taken the decision to accelerate their plans and buy back all investor shares in the company they founded in 2017. Momentum Social will now be wholly owned and operated by its founders, Jake Spencer Cawthorne and Alex Jordan Wood.
“Momentum Social was originally founded with the support of an angel investor who provided start-up capital and ongoing business support as required. Momentum Social has succeeded beyond initial expectations thanks to the support of its incredible clients gained and retained over the past three years. As a result, targets were hit earlier than expected and opportunity arose to buy back our investor’s shares earlier than planned” commented Jake.
“It was always our intention to own the company outright once the initial capital had got us to where we needed to be.” continued Alex. “However, we didn’t expect to have the ability or opportunity to do this within three years, especially in light of the current market conditions. However, as a content agency, we have seen a steep rise in digital content being required as everyone moves online”.
The deal represents a new chapter for the company and provides greater agility at a time when it’s needed most, allowing Momentum Social to serve its clients with a scaled-up portfolio of services.
Alex added: “Investments have increased Momentum’s production value exponentially in the last year. This will continue as we serve our clients with bigger and bolder projects in the future.”