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LRH helps to seal the deal
Halifax accountants Lambert, Roper and Horsfield have helped with the formation of a new group of companies, specialising in materials handling and industrial packaging.
Neil Pickard, an expert with many years’ experience in the industry, set up the Solpac group last year, which involved creating two new companies and purchasing an existing firm. This was partly financed through a government-backed loan under the Enterprise Finance Guarantee (EFG) scheme.
David Roper, from LRH, assisted in the setting up of the new companies, providing advice on the most efficient and tax-effective structure, as well as overseeing the details of the contracts and helping to secure the EFG loan.
The company now provides a range of solutions for the storage and transport of industrial products including containers for waste collection and recycling, tanks for the storage and transport of liquids and bespoke racking and packaging.
Owner Neil Pickard said: “The way the deal was structured and the different vehicles we set up were very much David’s idea.
“The professional assistance and advice I received was instrumental in securing the future of this company and creating new jobs and training opportunities in the Halifax area.
“David is still with us, providing general accountancy services and if we have any more such deals in the future, I’ll be sure to ask for his advice again.”
David Roper added: “This was a very satisfying scheme to put together. It allowed a retirement exit, the preservation of a business and its jobs, and going forward, the prospect of management and growth with the new management’s skills.”
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