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Rickard Luckin advises Swift Scaffolding Ltd in Management Buy-Out

07/11/2024

We are pleased to have advised Swift Scaffolding Ltd (“Swift”) in navigating a successful Management Buy-Out (MBO), assisting with the strategic and technical steps required to enable this transition.

Following early-stage discussions with Neil Moye regarding his retirement and various succession planning options, and after providing a collection of illustrations and briefing notes, the management buy-out was identified as a strong fit. Hayley Sheppard , Corporate Tax Director at Rickard Luckin, prepared a detailed tax advice paper that outlined the tax and cash flow implications, providing clarity and confidence for all parties involved.

We obtained advance clearance from HMRC to ensure no unexpected tax consequences would arise from the transaction, and then worked closely with Ellisons Solicitors to finalise the implementation of the transaction. Post-completion, we handled additional processes, including accounting for the buyout and managing stamp duty reporting, further ensuring a seamless transition for the company’s new leadership.

Hayley Sheppard commented: “ We were very pleased to be able to assist Swift Scaffolding with this transaction and find a succession plan that was right for them. Our goal is always to provide tailored, thorough advice and support the company through the transition from start to finish. It is a pleasure to continue supporting the company through this next stage.

Charlie Moye, newly appointed majority shareholder of Swift Scaffolding, added “ Working alongside Hayley and the team at Rickard Luckin provided clarity and assurance throughout the entire process of our recent MBO. I would highly recommend their services and look forward to continuing working closely with Rickard Luckin in the future.

We look forward to our ongoing collaboration with Swift Scaffolding and to supporting the company’s continued growth under Charlie’s leadership.

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