Nicholsons, a member of The Corporate Finance Network based in Lincoln & Grimsby has advised its engineering company client on an EOT.
Richard Hallsworth led the Nicholsons Corporate Finance team, who have recently supported a client of over 35 years to secure an exit through the sale of their business into Employee Ownership.
Working closely with their clients and their legal advisors, they assisted with the structuring of the deal, provided advice on tax issues, gained necessary tax clearances and liaised with various other professionals.
Most importantly they helped guide their client through the transaction, providing guidance and knowledge on the complexities when necessary.
The client commented “This was the first and probably only transaction of this type that we’ll ever do, and we were very grateful to have Richard guiding us through the process and supporting us. His hands on approach and understanding of the process was vital in delivering a successful conclusion to this transaction.”
The deal was completed in March 2025 and the new team have now transitioned to their new roles.
