W DOYLE TRANSPORT LTD – RETIREMENT SALE
Harris & Co Consultants Limited were delighted to assist founder Mr William Doyle in selling his long established Transport business W Doyle Transport Ltd to MV Commercials whose head office is in Edinburgh.
The deal for an undisclosed amount was secured against the back drop of Mr Doyle wishing to retire.
MV Commercials have other depots and businesses throughout the UK and wanted a South Wales base so the acquisition of W Doyle Transport Limited fitted with their expansion plans. All employees were taken on as part of the acquisition ensuring a long established Welsh business remains intact.
Mervyn and Kathryn Harris assisted by their Accounts Manager Jane Reeks assisted Mr Doyle and the family shareholders through the entire financial and legal due diligence process working closely with Richard Jones of Blake Morgan.
Strategic Director Mervyn Harris who has many years’ experience in assisting SME’s realise their potential commented “It was a great privilege to assist Mr Doyle and his family attain value from years of hard work and sacrifice and ensure that the business he and the family have built up over many years continues to be a trading entity remaining in Wales”
Mr Doyle commented “ I would like to pass on my thanks to everyone at Harris Consultants for all the hard, time consuming work involved with the sale of our Business , without everyone's efforts ,the sale would not have happened. I would recommend them to anyone wishing to sell their Business in the future.”
Mackworth Healthcare Products – Company Sale
Harris & Co Consultants were delighted to have been instructed by the Directors and Shareholders of Mackworth Healthcare Products Limited in their recent acquisition by Prism Medical UK. Having been appointed as accountants and tax advisors when Mr Neil Smith originally acquired a majority shareholding in April 2012 both Mervyn and Kathryn Harris have been closely involved with the strategic development and tax planning. Mr Smith complimented Kathryn and Mervyn on their support during the development and acquisition process especially in regard to their determination and professionalism in ensuring the deal crossed the finishing line.
Mark Hughes – M&B Hydraulics Ltd June 2016
With my business partner wishing to retire I am delighted to have had Mervyn Harris of Harris & Co Consultants advice and assist me in effecting a company purchase of own shares and reaching agreement on the valuation of the business to effect, in the end, an acceptable exit for my retiring business partner and me becoming the 100% owner of the business. Having worked in the business since its formation I was unaware of the complexities attaching to a retirement and subsequent exit strategies and quite honestly without Mervyn and his support team this would not have been possible and the business could well have ceased if he had not found an agreeable and mutually acceptable way forward. I can now drive the business forward with a clear vision for the future.