Specialist seating firm sold to Employee Ownership Trust

Specialist seating producer Primacare Group Ltd has been offered to an Worker Possession Belief (EOT).

Primacare Group, a British producer of specialist seating predominantly for folks with mobility difficulties, consists of Primacare Holdings Ltd (established in 2015) and two buying and selling subsidiaries: Primacare Ltd (based in 2004) and Prima Fabrications (acquired in 2011).

The sale was accomplished at full industrial worth, with Avondale managing your complete course of, together with technique, valuation, tax clearance, and establishing an Worker Possession Belief (EOT).

This transition allowed the shareholders to grasp the worth of the enterprise whereas creating an enduring legacy by transferring possession to its staff by way of the belief. The sale ensures the continued progress of the corporate’s “distinctive customer support and tradition”. 

David Tomlin, Primacare Group, stated: “We wish to specific our gratitude to Avondale for all their assist and the profitable completion of the venture. Our expertise working with them was distinctive, and we extremely advocate their experience and professionalism.”