INDUSTRY
Goodman Nash Ltd, an independent UK based business rate recovery specialist has sold to an Employee Ownership Trust (EOT).
Established in 1994, Goodman Nash is a company that specializes in providing advice and assistance to businesses with regards to their business rates on commercial properties. Their main objective is to help businesses reduce their liability for business rates, and they charge a fee based on a percentage of the savings achieved within a defined period, operating on a no-win no-fee basis.
The succession plan for the future ownership of the company was delivered by Alan Weston and Andrew Wheeler, the shareholders of the company. The management wanted to ensure that there would be a succession plan that preserved the good name of the company and enabled it to continue its development along the current path. The Trust ensures continuity and is a great reward for the exceptional employees and management team.
The sale to the employees was at full commercial value. Avondale led the whole process of the sale to the Trust from legal, full commercial value, financials, and HMRC clearance through to employee strategy and establishing the trustees.
Sold to
Employee Ownership Trust
“Our experience with the Avondale team was excellent; they guided us through the difficult EOT transaction with great professionalism and assistance. We strongly endorse them for their expertise and professionalism in the field.”
Alan Weston, Goodman Nash Ltd
