Selling a business as part of a retirement plan

March 25, 2021

Selling a business. Legal Clarity partnered with The Midlands Corporate Finance team at Azets to advise, structure and facilitate the sale of Coventry-based “In Transit” Transport Services Limited to Shilling Group.

Selling a business, especially a family business can be a very emotional experience. Barrie and Jayne Smith, the owners of ”In Transit”, commented on their experience:

“We have been impressed with both teams at Azets and Legal Clarity. It was a difficult decision to go ahead and market the business for sale, especially given the uncertainty during 2020. Both advisors have been thoroughly professional from start to finish, and we would like to thank them for their valued advice through every stage of the process. To reach a successful outcome within three months of receiving an offer is a truly remarkable achievement, and we would have no hesitation in recommending their services.”

“In Transit”, a long-standing client of Azets, was established in 1993 by the husband-and-wife team and began as a courier operator. Since 1993 the business has grown into a wide-ranging logistics firm offering road haulage, pallet network, low loader transport solutions, and warehousing services to its loyal customer base.

The business saw strong demand for its services during the Covid period. The economy has responded to increased e-commerce activity and reliance on freight companies that can service these demands.

Jayne and Barrie built up this highly professional business over the course of nearly 30 years; the shareholders decided to offer “In Transit” for sale as part of their retirement plans.

Legal Clarity are experts in the structuring and the facilitation of selling a business and advise on the best route to take amongst the many options with proven approaches and structures. We ensure that we keep the jargon to a minimum and communicate to all the parties effectively. Our recommendation is to start early; planning is everything when it comes to selling a business. 

Contact us for expert advice on the best route for you and your business.

Buying & Selling a Business

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