Case study - Hobbies Limited
Friday, 03 May 2019
MHA Larking Gowen assisted the shareholders of Hobbies Limited with the sale of shares to T. H. Baker Limited.
Since 1895, Hobbies have been supplying model makers and enthusiasts with a wide range of quality model kits, accessories, tools, components and guidebooks.
Established in 1888, T. H. Baker is a luxury jewellery retailer operating in over 30 stores across the Midlands and southern England including PANDORA and Swarovski stores.
MHA Larking Gowen Corporate Finance was asked to undertake the following work:
• Assisting with financial due diligence enquiries
• Advise on the completion mechanism and tax structure
• Assisting solicitors to draft the legal paperwork
• Project management and deal advisory
Andrew and Caroline Meek, Directors and shareholders of Hobbies Limited, said: “We were very pleased with the quality of service received from Jack and the team at MHA Larking Gowen. They have at all times been friendly, efficient and professional, providing us with a top class service.”
Jack Minns, MHA Larking Gowen Manager, said: “Andrew and Caroline deserve enormous credit for developing Hobbies into a recognised and successful brand within their industry and we wish them both all the best for the future. We are confident that T. H Baker will continue to drive the business forwards for many years to come.”