BSR
BSR
  • Home
  • Distressed Businesses
    • All Distressed Businessess
    • Administrations
    • Liquidations
    • Winding Up
    • Insolvency Advice  New
  • Buy a Business
    • All Businesses for Sale
    • Find a Business for Sale
    • Raising Business Finance
    • Buyer Acquisition Service   New
    • Escrow Service   New
  • Sell a Business
    • Sell Your Business
    • Seller Accounts
    • Need Help Selling?
    • Help With Finance New
    • Business Valuation
    • Business Wanted Adverts
  • Insights & News
    • View All News
    • View All Insights
  • Off-market
    • Source deals
  • Log In
  • Join Now
Join now
11111111

Home / News / Prominent Bath-based architects firm sold to employee ownership trust

Prominent Bath-based architects firm sold to employee ownership trust

Wed, 29 Apr 2020 | BUSINESS SALE

Prominent Bath-based architects firm sold to employee ownership trust

Simon Morray-Jones Architects, a prominent firm based in Bath and operating across the UK, has been sold to an employee ownership trust. The deal was supported by Castle Corporate Finance.

Established over 30 years ago by Simon Morray-Jones, the Bath-based firm is renowned for its work renovating and remodelling listed and historic UK buildings. It has worked on numerous Soho House Group properties, Andrew Brownsword Hotels and the Newt in Somerset.

With a team of 20, Morray-Jones had recently began to explore options for stepping back from the business. While discussing various strategies with Castle Corporate Finance, a sale to an employee ownership trust (EOT) was mentioned.

An EOT is a sale framework that is gaining popularity with businesses who would rather not sell to another firm in their industry. For Morray-Jones and his wife Berni, the option allowed that to realise the value of their business, while handing it over to their trusted team and remaining on hand for a time to ensure a smooth transition and to help train those being handed management responsibilities.

Victoria Ansell, director at Castle Corporate Finance, said: "We are seeing many business owners look at the option of an EOT, some of whom look at 0 per cent tax as being the main driver, but it really doesn’t work that way.”

"Simon and Berni embraced this framework as being the right thing for their team, as well as for them, and that gives me a lot of confidence that the business will go from strength to strength."

The firm’s most recent accounts, to the year ending July 31 2019, show it holding fixed assets of slightly over £21,000, with current assets of around £1.4 million and net assets amounting to over £1.2 million.


Find businesses for sale here.

If you are looking for an exit, we can help!


Share this article



Latest Businesses for Sale

Provider of Windows & Doors Solutions
North West, UK

Based in north West England. The business supplies, installs and maintains high-quality window and door systems for its clients. The company has developed a strong reputation due to a proven track record of supporting its customers and local communit...

Asking Price: Offers Invited
Turnover: £1,000,000

FREEHOLD


Landscaping Specialist
UK Wide

Specialises in the provision of landscaping and grounds maintenance services to the commercial and domestic sectors. Manages all aspects of a project, from design to completion, tailoring its services to meet the specific needs of its clients.

Asking Price: Offers Invited
Turnover: £928,000

RELOCATABLE


Provider of Building Solutions
North of England, UK

Provides installation of air conditioning, ventilation, plumbing, heating and electrical services. Offers a comprehensive range of aftercare services, such as reliable servicing and maintenance. Currently works with 150 regular service users, benefit...

Asking Price: Offers Invited
Turnover: £2,700,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
27
 
Jan
 

Administrators to sell assets as office furniture maker collapses | ADMINISTRATION

Bluespot Furniture, a West Yorkshire-based furniture manufac...

 
26
 
Jan
 

UK M&A down 16 per cent in 2022, but sentiment remains optimistic | BUSINESS NEWS

New analysis from PwC has revealed that UK M&A activity decl...

 
26
 
Jan
 

Private equity-backed law firm targeting further M&A in 2023 | BUSINESS NEWS

Stowe Family Law, a Leeds-headquartered specialist family la...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
14
 
Nov
 

Scale manufacturer taken over in MBO | MBO/MBI

Weighing scale manufacturer Marsden Weighing Group has been ...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news

logo
Our Services Distressed Businesses
  • Businesses for Sale
  • Distressed Companies
  • List a Business
  • Help with Finance
  • Buyer Acquisition Service
  • Small Businesses for Sale
Company Buy a Business
  • About BSR
  • Insights
  • News
  • FAQs
  • Reviews
Get In Touch
020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm
About BSR
Business Sale Report is the UK's leading
independent business for sale & distressed business listing service.
Established in 1995, BSR offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.
Subscribe

Subscribe to our newsletter to receive news about the latest businesses for sale.

  • Terms
  • Privacy
  • linkedin
  • facebook
  • twitter
© 1995-2023. Business Sale Report Ltd. All rights reserved. www.business-sale.com.