We are looking forward to exhibiting at UKIFDA EXPO and Future Fuels 2021, the leading virtual event for the liquid fuels distribution industry in the UK and Ireland on the 7th and 8th July.
Our depth of knowledge in the fuels sector means we can confidently help businesses progress to the next stage, whether that’s further growth or an exit plan. We worked for many years with Hobbs Bros. to provide key management information and support, along with working in an instrumental role in financing a state of the art depot. This experience of the detailed workings of the business provided a great springboard from which we prepared the sale of Hobbs Bros. to Ford Fuels. More recently we worked with the Darch family to manage the process of their company sale to NWF. When it comes to achieving your version of success, choose to work with an experienced and trusted advisor.
Having already provided the company with decades of support, we became part of Mark and Mandy Hobbs’s extended management team in 2008, not only assisting with accounts and tax compliance, but also facilitating a company restructure, liaising with key suppliers and helping to implement strategic objectives.
As part of our work with them, Mark approached me to discuss his plans to future proof operations and invest in the business, with the intention to build new premises. We secured the funding for a £3 million, state-of-the-art, purpose-built facility in Gloucester, allowing the company to increase oil reserves and serve a much wider capacity of clients.
Our extensive industry knowledge and pre-sale groundwork allowed us to facilitate a complete the sale in just six months, identifying the perfect buyer in Ford Fuels Limited.
Our experience in working with family businesses meant that we were able to guide Hobbs Bros. Ltd at every stage and find a buyer that truly reflected their company ethos.
Having advised on the sale of Hobbs Bros Ltd, we were approached by the Darch family to manage on their behalf the sale of the business from beginning to end.
We recognise that, particularly in the oil industry, it is difficult to dedicate enough time to your business sale, whilst also maintaining a hands-on operational role within your business. The Darch family approached us to discuss the sale of the business due to their intention to retire. Acting on behalf of the shareholders of the company, we supported Andrew, Jamie, Nigel, Jeremy and Simon Darch throughout the transaction which, despite its complexities, fulfilled the desired outcomes of the shareholders and allowed them to exit the business safe in the knowledge that the business would be in the best of hands.
Our knowledge and experience of the oil industry enables us to understand the sticky points and stumbling blocks inherent in these transactions, such as to address complex issues such as working capital requirements of a seasonal trade, the due diligence process and warranty exposure in an efficient, fair and effective manner.
Our objective is to ensure that our clients’ success is at the heart of our business and we were pleased that we were able to assist the Darch family in achieving this result.
We look forward to discussing what the future looks like for businesses attending UKIFDA Expo and Future Fuels 2021 and how we can help them get there. For more information contact Ollie Newbold, Corporate Finance Partner on 01242 776000 or email firstname.lastname@example.org.