Jerroms Mortgage and Finance provided lead advisory support to secure a £15 million refurbishment loan to enable Sama Investments to acquire and improve The Pinnacles student accommodation in Sheffield’s canal basin.
Jerroms Corporate Finance have provided lead sell-side advisory support to the owners of Elevate UK Lifts Ltd (Elevate UK), a leading provider of lift servicing and maintenance.
Our client ran a small family company which consisted of a husband and wife, with two employees.
The business was profitable, but completely reliant on the husband who was working incredibly long hours. Over time he wanted to do less and work towards exiting the business but felt trapped - if he reduced his hours the profitability would suffer, and he needed to secure his family’s financial future.
Our client had received a purchase offer for part of the business they wanted to sell, however the sale was about to fall through as their previous accountant advised it wasn’t possible without incurring a large tax bill.
Once appointed, we liaised with the purchaser to carefully plan the sale so that it met all the objectives. We gained prior HMRC approval, allowing the trade to be sold at 10%, rather than the previous 46%.
Please get in touch if you want to talk more about how we can help you. We offer an initial consultation free of charge which gives us the chance to meet and discuss your needs, with no obligation.
Accountants in Solihull
Lumaneri House, Blythe Gate, Blythe Valley Park, Solihull, B90 8AH
0121 693 5000
Accountants in Halesowen
West Point, Second Floor, Mucklow Office Park, Mucklow Hill, Halesowen, B62 8DY
Jerroms is a trading style of both Jerroms Business Solutions Limited 08923059 and Jerroms GCN Limited 08433008. Registered office for each of these companies is: Lumaneri House, Blythe Gate, Blythe Valley Park, Solihull, B90 8AH