Due Diligence

Throughout January to March this year, Walker Thompson has been assisting in the acquisition of Ray Owen Plating Ltd, a specialist metal plating business based in Telford. We were instructed jointly by Newmax Precision Engineering Holdings Ltd and HSBC Bank plc to carry out a detailed Due Diligence Report on the target company. The Report was delivered ahead of schedule enabling the respective lawyers to continue with the negotiation of an extremely complex deal which included property issues and employment matters in addition to the usual warranties & indemnities required of the vendors. The transaction was finally completed on 9 April 2010 and we look forward to working with the company in the future.