October has been a busy month for the Corporate Team at Chattertons Solicitors which has completed ten deals with a further eight expected to complete by the end of 2022.
Over the last year the firm has been involved in over 50 transactions ranging in value from £200,000 to £20m. Many of them have involved businesses located throughout the UK, which showcases the demand for advice from East Midlands based-advisers.
The deals completed in October include the sale of London-based Rogers Removals to worldwide Cadogan Tate Group Limited, who are internationally recognised as a market leader, with removals, storage, freight and fine art logistics operations in London, Paris, the Côte d’Azur and the United States. Clients include royalty, presidents, government agencies, business magnates, blue chip corporations and celebrities.
Other deals include the sale of Appliance Care to Pearson North Devon Limited, the sale of architectural firm WSW Consultancy Limited to Stiles Harold Williams Partnership LLP, both based near Brighton, the sale of Mustard Models to Whole Grain Limited, and Derby-based Diacom Networks to Grantcroft Limited.
The tenth deal was the highly publicised acquisition of Leeds-based insurance broker Ravenhall Risk Solutions by Jenston Group.
Adam Gilbert, head of Corporate, said: “Despite the uncertainty in the economy there seems to be a continuing appetite in the SME market to buy and sell businesses and our pipeline of future deals is still very strong.”
He added: “The recent rises in interest rates is also not perturbing activity as many business owners remember when interest rates were much higher. Good businesses will always find buyers, largely irrespective of what the economy is doing as long as the buyer and the seller have a realistic approach to valuation. There is definitely a willingness to dismiss the speculation by doom mongers and those with a clear strategy and solid business plan are clearly pressing full steam ahead with their plans.”
