Family Businesses & Owner Managed Businesses

Thomson Snell & Passmore advise the UK’s leading knife sharpening supplier on a second asset acquisition of the year

Following a successful asset acquisition in early 2018, we advised our existing family business client in relation to a second acquisition of the year.

Thomson Snell & Passmore advise the UK’s leading and longest established knife sharpening and food processing supplier on asset acquisition

We advised our existing family business client in connection with a business asset acquisition in the form of goodwill, stock and machinery.

Thomson Snell & Passmore advises £25 million family run tyre-dealer business

We advised Kent based family-run tyre dealer and autocentre company, Watling Tyre Service Limited, in connection with a share purchase and restructuring transaction. The purchase involved the buy out of the minority shareholder.

Thomson Snell & Passmore advise UK's leading & longest established knife sharpening and food processing equipment supplier

We acted for and advised the UK’s leading & longest established knife sharpening and food processing equipment supplier in relation to the purchase of shares and group restructure transaction.

Acting for longstanding client motor trade dealer group

Thomson Snell & Passmore has acted for the Motorline Group, a long-standing client of the firm in respect of its recent acquisitions of various dealerships across the South East, South West and the Midlands. 

Advice on Trademark licenses

Advice on Trademark licenses  

Advice on Fox Print Services Acquisition of Mastercolour Plc

Thomson Snell & Passmore acted for Fox Print Services (Tunbridge Wells) Limited in relation to its acquisition of the entire issued share capital in Mastercolour Plc. Nick Gabay, a Partner in the Corporate & Commercial Team, led on the transaction.

Young couple taking over the farming family business

We have recently helped a young couple who have taken over the farming business set up many years ago by the husband’s family in East Sussex.

Motorline further expands its range and geographical base

In March 2015 Motorline acquired a Maserati dealership in Cardiff. The business was acquired from the Arrow Automotive Group and will be the second Maserati dealership in the Motorline Group.

How family business can stay entrepreneurial

Every business needs to remain entrepreneurial. However, a family business faces unique challenges as growth and changing needs of the business will often come at the same time as the family grows and the involvement of family members in the business changes.

Handing over the reins: Tips for planning succession

For the founder of a business, putting in place a succession strategy and exiting the business can be a difficult process. Where some of the founder’s family are also involved in the business, that process can be further complicated by competing interests and differing visions. 

Succession planning ‘vital’ for family business

Family businesses are central to the UK economy, accounting for approximately a quarter of the UK’s GDP and employing over 12.2 million people. However, in a recent PwC survey, 43 per cent of these family business owners confirmed that they do not have any sort of succession plan in place.

£25 million independent tyre dealer and autocentre completes acquisition

Leading South East law firm Thomson Snell & Passmore have advised Kent based family-run tyre dealer and autocentre company, Watling Tyre Service Limited, this week in connection with a share purchase and restructuring transaction for an undisclosed sum.

How would your business cope without you?

What would happen if you went under a bus tomorrow? It is not a question most of us consider but if most of your wealth is in your business your family’s future might depend on the answer.

Family Business - Planning for the future

For those in family businesses, planning for the future is not only important individually, but also for their family business. Whilst many people have there own will in place, those individuals must also consider these in the context of their business and whether they reconcile with the future plans of their business.

Motorline acquires Hereford Hyundai

Thomson Snell & Passmore have assisted the Motorline Group with its acquisition of Hereford Hyundai from Stirling of Hereford.

Motorline acquires again to strengthen Nissan market in the South of England

The Motorline group has recently completed another acquisition to add to its series of business purchases over the last few years.

Landscape maintenance firm expands with acquisition

A national horticulture, landscape and grounds maintenance business with headquarters in Surrey has expanded with the takeover of a North West counterpart.

Owner managed businesses : tax-efficient wills for company directors

Owner-managed businesses : tax-efficient wills for company directors

Thomson Snell & Passmore completes sale of shares in industrial tyre business

Thomson Snell & Passmore’s corporate team has advised new clients in connection with the sale of their family business for an undisclosed sum to a US buyer.

Business property relief