Deal Completed – 2023
Hawsons Corporate Finance had the pleasure of supporting Caring Hands (Care Services) Limited (“Caring Hands”), a well-established domiciliary care business, with their transition to Employee Ownership.
Based in Alfreton, Derbyshire, the company provides personal care and support to disabled adults who require care in their own homes.
Caring Hands were introduced to Hawsons by their existing accountant who recommended Hawsons to the directors due to their experience and proven capabilities in successfully guiding owner managed businesses in to a new era of employee ownership.
The sole shareholder of Caring Hands was keen to find a suitable succession strategy, whilst providing a secure future for the company and its loyal employees. She wanted to ensure that her employees were fully empowered following a change of ownership to grow and steer the business without the uncertainties that may attach themselves to new ownership following a trade sale.
Having assessed various options, the conclusion was drawn that a trade disposal did not meet the owner’s succession objectives and a strategy more aligned to her vision for the future of the company, and the wellbeing of its staff, was a transition to Employee Ownership.
Employee Ownership offers the employees the opportunity to benefit from the advantages of company ownership, whilst providing exiting shareholders with a tax efficient and smooth exit strategy.
An already driven and ambitious team, the employees of the business are now even more motivated and empowered to grow, shape the business and benefit from their well-earned share of the profits.
Hawsons Corporate Finance acted as lead advisors on the transaction and were assisted by James Burdekin of MD Law, and Steven Ledger of John Ledger Ltd.
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