Dyke Yaxley, a member of The Corporate Finance Network with two offices in Shropshire and one in the United States, has assisted the shareholders of Besblock Ltd on their sale to Holcim. 

Dyke Yaxley, was approached by their longstanding client who sought advice throughout the business sale process. The Dyke Yaxley team had worked with the client for a number of years providing compliance services and tax advice. This enabled the Due Diligence information to be collated much quicker and hassle-free.

The Dyke Yaxley corporate finance team assisted in providing information for the Due Diligence process (financial and tax) and reviewing the Funds Flow, Share Purchase Agreement (SPA) and legal documentation. DY assisted in the preparation of the Completion Accounts.

Dyke Yaxley advised on all aspects of the tax considerations around the disposal of the business for the vendors and in connection with the SPA.

At completion, their client commented “To Laurie and the Dyke Yaxley team that was a culmination of 51 years of Besblock, making building blocks. Started in an office in Shrewsbury with Ian Davies and his father incorporating Besblock. Dyke Yaxley should be proud of the fact that we’ve only ever had one accountant in all that time. Before Besblock Ian’s father would cycle from Shrewsbury to Wellington to do my grandfather’s accounts for his business Huxley Brothers Transport…. You all helped navigate a way forward and got the job done.”

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Categories: Deals

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