Part Time Executives completes speedy contract and asset sale
York-based Part Time Executives Limited has successfully completed a contract and asset sale on behalf of Scunthorpe’s Thompson Waste Recycling Limited to Ellgia Recycling Limited for an undisclosed cash sum.
Kevin and Nessa Thompson of Thompson Waste Recycling Limited were pleased with the transaction as it ensured continuity for both staff and customers, following a devastating fire at the premises earlier this year. Under the terms of the sale transaction Thompson Waste Recycling Limited will retain their premises and continue to deliver the hospital contracts.
Kevin Thompson said: “Part Time Executives Limited added significant value to the sale process; having drawn up a list of potential buyers and contacted them all they successfully secured the best offer. The calmness under pressure of Part Time Executives Limited along with their ability to broker a good deal and their understanding of a complicated process, allowed us to achieve the sale objective without too many difficulties in less than a month.”
Nessa Thompson added: “Part Time Executive Limited’s extensive experience of working with family businesses allowed them to fit quickly and easily into our way of working. The ability to meet client requirements and come up with imaginative and creative solutions to problems has enabled us to manage our way through a difficult period for our business.”
The legal work in respect of the sale transaction was undertaken by Mike Searle of Grimsby-based Bridge McFarland who said: “Bridge McFarland recently worked with Part Time Executives Limited in connection with an asset sale transaction. Part Time Executives Limited took the lead with the client and eased them through what was both a complicated and time critical transaction. Andrew Mackenzie of Part Time Executives was able to meet the client’s high expectations, which ultimately meant the transaction was completed on favourable terms and in good time.”
For Part Time Executives Limited, who are based near York and provide part time directors to small and medium sized businesses, it was another example of a job well done as the business continues to grow. Commenting on the recent transaction Andrew Mackenzie, Chief Executive of Part Time Executives Limited said: “The completion of a deal of this scale and complexity in a period of only four weeks is testimony to what a highly motivated buyer and seller can achieve with the help of two pragmatic firms of solicitors. It was a pleasure to do business with everybody.”
Andrew Mackenzie has also recently incorporated One Stop Business Finance Limited which was established to provide SME’s with access to funding opportunities when their existing bank isn’t able to support them. The strategy for both One Stop Business Finance Limited and Part Time Executives Limited is to continue to grow and achieve a national presence within five years via a network of Regional Directors who are currently being recruited.
For more information about Part Time Executives Limited and One Stop Business Finance Limited visit parttimeexecutives.co.uk and osbf.co.uk or telephone Andrew Mackenzie on 07766 523269.