Nottingham chartered surveyor sold in MBO

Nottingham chartered surveyor Mussons Liggins has been bought in an MBO by three of its directors.

Graham Parkinson, David Bladen and Matthew Wade have bought out founders Stephen Musson and Matthew Liggins for an undisclosed sum.

Musson and Liggins, who founded the company 31 years ago, will remain working in the firm but will cease to be directors. The firm will keep its name.

Bladen said: “This has been something that we have talked about and planned for over a number of years and is a positive and deliberate succession plan that will secure the future of the business. Many businesses ignore succession planning and we are all delighted to have been able to design a new structure for the firm which works perfectly for all parties involved.

“Graham, Matt and myself have invested positively in the business and each other which sets the foundations for the foreseeable future. We are busier than ever at the moment which is a fantastic start as we make this transition.

“These are exciting times for Musson Liggins as we look to take things forward through organic growth and a drive to succeed.”

Bladen said the company is looking at the possibility of opening a second office in another city.

Stephen Musson, said: “This succession plan has been a long time in the making and both Matthew and I are looking forward our new roles as we continue to be very much involved in the business. We wish Graham, David and Matt all the best.”

Matthew Liggins, said: “We know the future of Musson Liggins is in safe hands with Graham, David and Matt and they will continue to build on our great reputation. We started it more than 30 years ago and look forward to seeing it thrive over the next 30 years.”