Kay Johnson Gee LLP (KJG), a member of The Corporate Finance Network based in Manchester has advised Buckland Harvester, on financial taxation elements during its sale to Aston Lark.
Buckland Harvester, trading since 1920 are Commercial Insurance Specialists based in Manchester city centre working across all sectors. Their clients range from micro businesses to large enterprises based throughout the UK. The shareholders approached KJG, seeking tax advice regarding the disposal of shares to the buyer.
The KJG Corporate Finance team, led by Partner, Steven Lindsay began by exploring all available taxation options for the vendors. After running through the various scenarios, Steven and the Buckland Harvester management team made an appropriate decision on how to proceed.
The outcome was a successful deal for the selling shareholders and comfort in the fact their business had been acquired by a strong business with an excellent reputation in the market. All taxation aspects were covered, providing the selling shareholders with comfort and satisfaction post sale.