Charles Barr Furniture Limited are designers and manufacturers of traditional furniture.
MHA Larking Gowen assisted Bill Cleyndert & Company, a business with similar trading activities, with the purchase of the share capital of Charles Barr Furniture Limited. The deal provides our client with horizontal diversification and extra manufacturing capacity.
We worked closely with all stakeholders to ensure a smooth deal process in a timely manner to meet very tight commercial deadlines.
Bill Cleyndert, majority shareholder of Bill Cleyndert & Company Limited, said
“Ian Nelson and the team at MHA Larking Gowen were instrumental in helping us secure this deal. Ian’s advice and the sensitive approach were invaluable to us. Many thanks for an excellent job.”
Ian Nelson, MHA Larking Gowen Senior Manager, said:
“It was very satisfying to successfully put a practical deal together and work with Bill and his solicitor, to ensure completion took place in under 2 months. The two companies are an excellent fit and it pleasing that traditional local quality manufacturing skills will continue to flourish and serve the global market.”
MHA Larking Gowen Corporate Finance Limited was asked to undertake the following work:
Feasibility study of target
Price guide calculation
Negotiations with vendors to agree price and heads
Financial and taxation due diligence
Advise on the commercial and tax structure for the acquisition