Succession plan comes together with MBO at commercial interiors company

A management buy out has been completed at Brighouse-based Andy Thornton Worldwide Interiors Ltd (ATWIL).

The deal at the commercial interiors business, which turned over more than £3m in the last financial year, involved the share sale of 75% of the firm to the management consisting of Kayty King, Pete Hall and Richard Woods.

The share sale comes after the business’s sustained growth across the UK and Scandinavia, and a promise to reward staff loyalty with company ownership. The newly-appointed management team was advised by Parsons Accountants, based in Wakefield.

Yorkshire-based Blacks Solicitors supported Andy Taylor, director of ATWIL, on the management buy out.

Alex Hall, senior associate legal executive in the Corporate law team at Blacks Solicitors, said: “It has been a pleasure to assist Andy in putting his succession plan in place for Andy Thornton Worldwide Interiors.

“I wish Andy and the management buy out team all the best, and look forward to seeing the business continue to grow and flourish.”

Taylor said: “I am pleased and proud to have three ‘proper’ and deserving new partners and look forward to a very exciting next stage of our journey together.

“My thanks also go to Alex Hall and all at Blacks again for this, my third deal involving them, for presiding over proceedings with aplomb and making the whole process comfortable and an enjoyable experience.”

ATWIL was relaunched in 2021 by Taylor along with his three colleagues, Richard Woods, Kayty King and Pete Hall.