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Franklins Solicitors LLP would like to congratulate CanTrack Global Limited on its successful share sale to Radius Payment Solutions Limited. CanTrack Global is an industry leader in providing integrated theft recovery tracking devices for vehicles, providing real-time driver behavioural data and theft recovery solutions to a multitude of businesses.

We were delighted to support on this transaction, advising both exiting and continuing shareholders on the transaction whilst working closely with other professional advisors.

Leading the transaction, Holly Threlfall, Associate Partner at Franklins said “It was a team effort that could not have been achieved in such a tight timescale but for the hard work of the wider business services team here at Franklins, the support of Helen Brocklebank and the team at RSM and especially Peter Thompson of CanTrack Global whose hard work and dedication drove the transaction from the beginning. Peter, and all of the shareholders, of CanTrack were a pleasure to work with and I wish them all the best on their next endeavours.”

Pleased with the outcome of the transaction, Director of CanTrack Global, Peter Thompson said “Holly Threlfall and all the team at Franklins were a pleasure to work with. From the first contact, I felt in really safe hands with a professional team that really understood the process inside out. There was a real feeling on focus on CanTrack that was re-assuring for all parties, and they helped ensure the successful outcome for all parties.”

Helen Brocklebank, Corporate Finance Partner at RSM said “CanTrack have developed a market leading solution and partnership with Radius will support the business in the next stage of its growth. We are delighted to have supported the shareholders on this transaction and look forward to seeing the business go from strength to strength.”

The next chapter for CanTrack Global will certainly be an exciting one as a part of the wider Radius Group. We hope that there are celebrations all around, and a toast to a prosperous future!

For information on our wide range of Business Services, contact the team on 01908 660966 / 01604 828282 or email BusinessServices@franklins-sols.co.uk.

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Franklins Solicitors LLP would like to congratulate Support Maintenance Services Limited on its recent company restructure as an Employee Ownership Trust. We were delighted to support on this transaction, both Holly Threlfall and Andrea Smith of our corporate team working closely with Peter Miller of The Miller Partnership and Harry Walker of FRP Advisory, to transfer ownership of the Company to its employees.

This unique transaction would not be possible but for the hard work and dedication of director Hazel Scanlon, her partner Sean and the commitment of the Company’s employees who have driven the Company through the challenging year we have all faced.

Support Maintenance Services Limited is based out of Milton Keynes, providing a high quality cleaning services and office cleaning nationally to commercial clients.

Holly Threlfall, Associate Partner at Franklins Solicitors said “I have known Hazel and Sean for several years as they have explored the best options for them and the Company. I am thrilled to have worked on this transaction with them, effecting a change that not only rewards them for their continued hard work but gives back to the employees.”

Andrea Smith, Partner & Head of Business Services at Franklins Solicitors, said “I am pleased to have worked with Hazel, Sean and the Trustees in developing a structure that is a fantastic way to reward employees and allow them to gain from the success of the Company.”

Business Tax Adviser, Peter Miller, said “My congratulations to the management team. Working on a transaction such as this is always rewarding and it’s good to see the tax system working as intended to encourage wider employee ownership of businesses, in line with government policy.”

Harry Walker, Corporate Finance Director, said “We were very pleased to work with Franklins, Peter Miller and the team at the Company to deliver this sale to the Employee Ownership Trust. We wish the business all the best for the future and are sure it will thrive under this new ownership structure.”

Delighted with the outcome of the transaction Hazel Scanlon, Director of Support Maintenance Services Limited, said “After 20 years of being a director at SMS, this was a fantastic opportunity to give back to all the hard-working employees who ultimately make it all happen. Thank you to all the teams that worked on the EOT and advised on the best outcomes. Special thanks to Holly, who worked tirelessly to support all areas of the structure.”

We wish Support Maintenance Services Limited every success in the future and look forward to supporting its future endeavours.

For further information on our wide range of Business Services, contact the team on 01908 660966 / 01604 828282 or email BusinessServices@franklins-sols.co.uk.

Selling your business is never easy, but selling during the pandemic is another ballgame altogether!

Switch Consulting was established in 2008 and Martin Wells and Alex Foxell toiled over 10 years to develop the company into the successful recruitment agency that it is, with offices in London, Birmingham and Manchester. Specialising in the retail, leisure and hospitality industries they faced challenges, as we all did, in the early months of this year. However, with a strong trading history behind them Alex and Martin nevertheless secured a buyer and successfully completed on their sale in the summer amidst the pandemic.

Leading the sale Holly Threlfall, Associate Partner & Corporate Solicitor at Franklins, says “It was a pleasure to work alongside Martin and Alex in their sale. Guiding them through the disclosure and due diligence process and advising them on the Share Purchase Agreement may have been a little different this summer, but ultimately we were still able to successfully navigate the sales process keeping our clients’ interests at heart.”

Pleased with the transaction, seller Alex Foxell says “Holly and her team were superb from the very start of the process through to post-sale. Great rapid and responsive communication that was also very flexible. Solid and wise counsel and advice that guided and supported us through the sale process. This was particularly impressive given the need for everything to be conducted remotely. Overall the quality was very good and I’m very happy to highly recommend Holly and the team.”

Franklins would like to congratulate all the parties involved on a successful transaction and wish them the best of luck in the future.

For further information on our wide range of Business Services, contact the team on 01908 660966 / 01604 828282 or email BusinessServices@franklins-sols.co.uk.