A recommendation from a previous Howard Worth Client, led Andy Rowlands to contact the Accountants and Business Advisors for funding and structural advice regarding the possible acquisition of Talascend Holdings Ltd, a company where he previously held the role of Managing Director.
Talascend Holdings Ltd offers technical engineering recruitment services and specialises in providing staffing and global mobility support services within the Energy, Infrastructure and Power Generation market sectors. Their UK offices are located in Manchester and London with additional offices in India, Switzerland and Abu Dhabi.
Howard Worth’s corporate finance team introduced Mr Rowlands to Dave Green of Secure Trust who were able to provide the funding for the acquisition. At this time the team also brought in the specialist legal support required by engaging Scott Sands from Myersons.
Given the international nature of the business, Howard Worth’s Tax Partner, Tim Lwin’s involvement would prove key in facilitating the deal. His extensive knowledge of international tax law was harnessed to asses the full implications of transfer pricing and inter-company transactions in relation to the acquisition.
“Working on this acquisition allowed two specialist departments at Howard Worth to unite together. By collaborating in this way, we ensured that the various international elements of the deal were completely understood by both the buyer and seller. There were some very complicated Tax issues that needed to be covered, without which the final value of the company and the deal itself could have been affected.” Richard Barnett, Managing Partner, Howard Worth.
“Given the complex nature of this transaction it was essential to identify partners who could provide support on both the domestic and international aspects of the deal. I would like to thank Howard Worth, Myerson and Secure Trust for working in a collaborative manner to close the deal”. Andy Rowlands. Talascend Holdings Ltd.
The vendor was represented by Blick Rothenberg and Field Fisher.
About Howard Worth
Howard Worth was formed in 1953 and is a mid-tier accountancy practice providing a comprehensive range of services to owner managed businesses.
With 9 partners and 100 staff they serve clients across the North West, Wales and the Midlands from offices in Northwich and Nantwich. They advise businesses on Tax issues, Accounts preparation, Capital Raising, Profit Advice, Audit, Corporate Finance and Independent Financial Advice
Howard Worth provides a full range of services with partners specialising in corporate services, rural and farming business, manufacturing, charities, solicitors, service industries and financial services.
They are members of the UK200 Group and the International Association of Practicing Accountants (I.A.P.A.). Those memberships are your guarantee of our standards of service and they are only maintained by adhering to the highest professional standards.
Howard Worth’s philosophy is to work closely with clients, understand their businesses and provide them with timely and effective advice.
Further information please contact Dawn Beschorner 01606 369000.