Despite strong growth in auctions this year and new partnerships in publications, Stanley Gibbons Group has been unable to find a solution to its long-standing historic liabilities which includes legacy acquisitions, leases and debt. The Group explored all options to resolve these liabilities however it was unable to find a satisfactory solution.
As a result, Strand Collectibles Group Ltd has bought the business and assets of Stanley Gibbons Ltd and A.H. Baldwin & Sons Ltd as part of a pre-pack administration process managed by PwC on 22nd December 2023. All operations, the senior management team, all employees, both brands, all inventory, all items on consignment for auctions and storage, and all other intellectual property and assets have transferred to the new company, Strand Collectibles Group.
Strand Collectibles Group will continue to offer auctions, dealing, private treaty, publications for stamps, coins, medals and other collectibles as before and has secured new investment to develop these services further. The first development is the launch of our new auctions website www.baldwins.co (note: the new domain is .co not .co.uk or .com) which will play host to our numismatic, trading cards and Stanley Gibbons curated philatelic auctions starting with the Stamps and Covers of Asia auction on the 10th January.
Under the ownership of Strand Collectibles Group, Stanley Gibbons will continue to serve the needs of philatelists with catalogues, magazines, albums and accessories, dealing and auctions and will be launching a new digital stamp collecting experience later in the year. Our website remains the same: www.stanleygibbons.com
We have listed FAQs to help answer any questions you may have.
This is an important moment in the long history of Stanley Gibbons and Baldwins and everyone at Strand Collectibles Group is excited about the future and we look forward to helping you to develop your collection in 2024 and beyond.
Tom Pickford, CEO, Strand Collectibles Group