Corporate team hails ‘most active’ start to the year
A corporate team operating across three Yorkshire offices has reported its most active first quarter to date, seeing a 168% increase in transactional value completed, versus the same period in 2017.
Schofield Sweeney’s corporate team said it had been a record start to its 20th anniversary year, completing 19 deals in the first 12 weeks of the year.
The run of transactions began with the sale of the Royal Armouries (International) plc (RAI) to The Department for Digital, Culture, Media & Sport, in January. Corporate Partner Adrian Ballam advised the shareholders of RAI on the sale and purchase.
Ballam said: “We are delighted to have supported the shareholders of RAI on what is a significant transaction intrinsically linked to an asset of regional and national importance.”
Other transactions include advising Airedale on their funding package with HSBC, The Business Growth Fund’s investment into Northern Escalator Installations, Millers Oils’ purchase of Fuel Additive Science Technologies (FAST) and Mobile Tornado plc’s £1.35m AIM listing.
“We are experiencing record levels of activity at the moment and involved with some very interesting and noteworthy transactions. This is a product of the level of confidence in the market and the drivers in the economy. I am pleased that our investment in people and facilities have allowed us to capitalise on the opportunities presented,” added Chris Schofield, chairman, Schofield Sweeney
Schofield Sweeney was established in 1998, with Chris Schofield and Martin Sweeney at the helm. The firm now has more than 160 staff across three offices in Leeds, Bradford and Huddersfield.
