Forbes acts in MBO of Morgan Lambert Ltd

News

26 October, 2010

Forbes Solicitors recently acted in the sale of Morgan Lambert Limited, a provider of services designed to assist Social Housing Providers in managing their gas activities, to Millington Lord Limited for £1.3 million

Forbes Solicitors provided legal advice to the owners of Morgan Lambert Limited, Vic and Jo Lord on the sale of the family run business, to their son Michael Lord and his business partner Simon Millington.

Morgan Lambert Ltd provides a package of services across the UK for registered social landlords such as housing associations and local authorities, assisting them to comply with the Gas Safety (Installation and use) Regulations 1998.

Pauline Rigby, Business Law Solicitor at Forbes said, "The whole of the Business Law team along with colleagues in other specialist teams worked hard to ensure this deal happened and we wish all parties the best of luck for the future."

On retiring from the business Vic & Jo commented, "The time had arrived for new blood to take over the helm with the drive and energy to develop and diversify. It is now in the capable hands of those with that drive and energy to ensure success. We wish them well for the future."

Upon taking control of the company, new owners Michael and Simon said "In the last five years the company has grown four-fold. We are keen to continue this growth and ensure the security of the existing staff. It's a very exciting time for the company."

Millington Lord Limited was represented by Haworth and Nuttall Solicitors and RBS was advised by Napthens.

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