Company News, Deals
Succession planning for Barmans
1–2 minutes
Barmans Ltd operates as an online provider of bar, cocktail and catering equipment to retail and trade through its website drinkstuff.com. We helped the owners of this family business to hand over the business to their son Scott and a number of management staff.
Company background
A family business based in Melbourn, Cambridgeshire, Barmans Ltd operates as an online provider of bar, cocktail and catering equipment to retail and trade through its website drinkstuff.com.
Established in 1977, the business quickly developed a strong niche with one of the first online retail websites, barmans.co.uk. In 1998 it launched drinkstuff.com in response to an increasing demand for its trade products from the retail sector.
What was special
We helped the owners pass on their legacy to their son and key members of the management team. This ensures the business will continue to thrive with the Bowskill family retaining a majority stake.
Deal structure
The owners retired but retained a small, minority stake in the business. The total consideration was settled by a mixture of cash and loan notes.
Please note that this content is not intended to give specific technical advice. It is designed to highlight some of the key changes rather than provide an exhaustive explanation of the topics. Professional advice should always be sought before action is either taken or refrained from as a result of information contained herein.
