A Lancashire-based supplier of safety and electrical installations has been acquired by its administration workforce in a deal supported by the company finance workforce at MHA Moore and Smalley.
Safety and Electrical Installations Ltd, which trades as SEI, has been purchased from majority shareholders and founders Paul Mercer and Alan Ogden.
Administrators Bradley Ogden, Ian Hearle, Callon Ogden and Sharon Clarke have acquired the enterprise for an undisclosed sum and can take over the day-to-day operating of the Leyland-based agency.
SEI specialises within the set up and testing of safety, information cabling and electrical programs for a variety of commercial and business shoppers together with the NHS, HM Jail Service, training suppliers and native authorities. The corporate can be well-known for its work on excessive safety websites within the power, utilities and defence sectors.
The company finance and tax groups at MHA Moore and Smalley suggested Paul and Alan on the sale of the enterprise, offering deal structuring, valuation and tax recommendation.
Paul Mercer commented:
“Our success during the last 20 years has been right down to our capacity to construct lasting relationships with our shoppers who’ve come to worth our dependability, drive and integrity.
“Alan and I are proud to have handed the enterprise on to an impressive administration workforce who embody these similar values. They’re the appropriate workforce to take the enterprise ahead and can guarantee seamless continuity for our valued shoppers.”
Bradley Ogden stated:
“My fellow administrators and I are privileged to have been entrusted to take the enterprise on the subsequent stage of its journey. Our entire workforce is dedicated to offering our shoppers with the identical excessive ranges of service and high quality for which SEI is understood.”
MHA Moore and Smalley’s deal workforce was led by company finance director Stephen Gregson, tax associate Tony Medcalf, tax director Michelle Taylor, and company companies director Judith Dugdale.
David Filmer of Forbes Solicitors suggested Paul Mercer and Alan Ogden on the sale. Nicola Whittle at Brabners supplied authorized recommendation to the administration workforce.
Stephen Gregson, company finance director at MHA Moore and Smalley, stated:
“It’s been a pleasure to help Paul and Alan on this transaction, enabling them to take a step again from the enterprise and realise the rewards of 20 years of arduous work constructing a profitable enterprise. SEI can look to a shiny future with an skilled and succesful administration workforce on the helm.”
Based in 2002, SEI has 23 employees and works with shoppers nationwide. Along with safety and electrical programs, its different companies embrace LED lighting design and substitute, fibre optic installations, fireplace detection programs and the set up of electrical automobile charging factors.
L-R Callon Ogden, Alan Ogden, Stephen Gregson, Sharon Clarke, Ian Hearle, Paul Mercer and Bradley Ogden.