Bringing the business to life with a comprehensive Information Memorandum secured sale success for MG Scaffolding. The desired outcome was achieved, allowing the business to continue in the best of hands for further growth and development.
Highly regarded MG Scaffolding (Oxford) Ltd had been referred to us by a previous client and we were delighted to have the opportunity to provide honest and practical advice regarding the sale of their business. Working hand in hand with Sherborne’s solicitors to deliver completion in July 2022 our detail focused, collaborative and tenacious approach as advisors helped provide Carl and Stephen a well-earned retirement!
Incorporated in 2002, Carl Fallon and Stephen King initially operated the business from one wagon covering Cheltenham and the surrounding areas. The business quickly gained momentum and an outstanding reputation, leading them over time to open two more branches; Oxford in 2012 and Birmingham in 2018. The company has won numerous awards and accolades due to its wide ranging expertise and its unwavering commitment to maintaining quality and health and safety standards in the construction sector.
When Carl approached us to discuss the sale it was important to him that we understood how many opportunities there were for potential purchasers with the foundations he had set. We therefore invested a great deal of time understanding the detail of the business and the opportunities within it. This allowed us to gather further understanding about the technical areas of the business and condense the necessary information to encourage interested parties.
From this initial investment in time we were able to finalise a comprehensive Information Memorandum which set out potential opportunities for buyers. The document provided vital information so that those interested in acquiring M G Scaffolding (Oxford) Limited could make informed offers based on the data presented to them in an easily understandable format.
We were delighted to receive several high quality offers, with Carl identifying RSK as the buyer who had the resources and appetite to take MG Scaffolding to the next level, whilst keeping the firm’s ethos, culture, name and brand.
By using a tried and tested approach to data preparation, underpinned by Sherbornes to ensure completeness from a legal perspective, we were able to provide a detailed pre-populated Data Room. RSK could consequently access a wealth of relevant information without any delay associated with pulling together the initial suite of information.
Simon Birks from Sherbornes Solicitors comments:
Working with Ollie and the wider Randall & Payne team, on deals such as this, is a real pleasure. Their preparation, organisation, efficiency and their knowledge of the end-to-end deal process makes our job so much easier”.
RSK’s focus on business growth, coupled with the desire to maintain the MG Scaffolding (Oxford) Ltd brand, identity and culture has allowed Carl and Stephen the peace of mind that the business they have worked so hard to build will have an ongoing legacy.
At Randall & Payne, we recognise that considering a business sale can be a very challenging and stressful time. Through our knowledge and experience we make the process as streamlined and efficient as possible. From initial conversations all the way through to completion, we work in collaboration with all parties to ensure you can exit your business safe in the knowledge that client success is at the heart of our business.
Carl Fallon comments:
The Randall & Payne team were tenacious in their approach and had great attention to detail. In any meaningful transaction there are always challenges along the way, the trick is being able to navigate your way through them. Randall & Payne and Sherbornes worked really well together to deliver the right end result.”
Carl and Stephen have exited MG Scaffolding safe in the knowledge that the brand and legacy of the MG Scaffolding (Oxford) Limited will continue and grow.