Newcastle Joinery Limited - a deal built to last

Our deal services team has successfully advised Newcastle Joinery Limited (NJL) on its sale to KWC Group.

The client

York-based NJL is a leading supplier to the custodial and secure accommodation sector, designing safe and secure furniture and equipment for custodial and healthcare environments, including prisons, police forces, young offender institutions and mental health trusts across the UK. NJL designed the first range of Safer Cell Furniture in 2001, and the company has since evolved, most recently creating the award-winning retro-fitted in-cell shower pods.

Our solution

91̽»¨provided deal advisory services, including lead advisory and tax solutions. We undertook a focused process to identify potential buyers and investors in this highly niche market, providing the shareholders with multiple exit options. This resulted in active negotiations with buyers, securing a price and structure that exceeded expectations. We also provided tax advice, resulting in an outcome that met the shareholders’ objectives.

Transaction team: Steve Hubbard, Rich Winter, Finlay Owen and Steve Brown.

Testimonial

“I was very clear with my objectives and asked 91̽»¨to design a bespoke process to achieve them. They did this and provided me with the information and explanations I needed to make informed decisions. I received a highly responsive and premium service with the outcome I was looking for.” 

Jamie Greenwood, Founder and CEO
Newcastle Joinery Limited