Blacks Solicitors advises on family buy-out at PDS Design & Build
PDS Design & Build, one of the leading design & build companies in the retail, leisure and hospitality sector, is under new leadership following the successful completion of a family buy-out.
Nicholas Taylor, the firm’s managing director and the person in charge of providing strategic and operational leadership over the last few years, has acquired the business from Andrew Taylor, the business’s founder and Nicholas’s father.
Based in Calder Park in Wakefield in West Yorkshire, the well-established design and build company was established in 1998 and has grown from a small fledgling company into a multi-million-pound organisation which generates average annual revenues of approximately £20m, according to the most recent set of financial statements filed at Companies House. The Company serves a wide range of clients which include leading national and international businesses such as Pret a Manger, David Lloyds Clubs, Greene King or Tesco Café.
The change in control should provide the business with renewed vigor and allow it to continue its legacy and build on its reputation of a leading provider of high quality design and build services to the retail, leisure and hospitality sector, whilst simultaneously targeting new clients and taking the business to the next level.
Ian Parsons, managing director and head of Corporate Finance at Parsons Accountants, who advised on the buy-out, said: “With a presence in Wakefield spanning more than 25 years, PDS Design & Build has established itself as a leading entity in the local business community. The company has grown steadily over the years and decided that the time was right for control to be passed down to the next generation so the business could benefit from a new direction and fresh energy. Helping a fellow Wakefield based business to enter a new era whilst working with other local advisors is a particularly proud moment for us and we wish the new owners every success.”
A team, led by Ian Parsons and Daniel Andreca, Senior Tax Manager, from Parsons Accountants advised on the corporate finance and tax elements of the transaction.
The legal assistance was led by Alex Hall, Legal Director, in the Corporate team at Blacks Solicitors. Alex, commented: "It’s been a privilege to support PDS Design & Build, facilitating a smooth and successful transition from founder to next generation leadership. We wish Nicholas and the team every success as they embark on a new era."
If you're planning a business succession or buy-out, our Corporate team is here to help. Please get in touch by phone on 0113 207 0000 to find out how we can support you.
