Jon and Cindy sold their dynamic and highly acclaimed building company to the Fairmountain Group in summer 2021.
Loveday Construction Ltd has an enviable reputation for producing the highest quality finish using a skilled and experienced team. They have completed a diverse range of projects, ranging from exclusive London properties, new builds and high-end commercial refurbishments, including Grade II listed properties. They have an enviable list of high profile clients and maintain confidentiality and quality throughout the whole process. Fairmountain is very pleased to be working with the Loveday business and helping it go from strength to strength.
Ash Barn Construction focuses on quality. They work with architects, local authorities, schools, landlords, service providers and private clients to deliver new-build properties, conversion and refurbishment of existing properties and maintenance projects.
Established in the Preston area in 1999, they operate throughout the North West of England, providing a tailored ‘concept to completion’ solution. Works include listed buildings, schools and private houses; working with accredited craftsmen to maintain their strong reputation. Fairmountain is delighted to invest alongside CDK Group to add to their growing portfolio of quality construction businesses.
Steve and Sarah sold their training business to Fairmountain in 2017, Steve talks about the process and how he feels about remaining as a shareholder and working with Fairmountain Partners Richard Brady and Allan Presland. His summary at the end will be helpful for any potential seller of a business.
Joanna has worked in recruitment for over 20 years. Fairmountain Group bought Advantage Recruitment in October 2019 and Jo has stayed with the business since then.
"The energy levels, honesty and integrity is second to none, I would thoroughly recommend speaking to them"
"I sold my shares to Fairmountain in 2018, after building the business for 12 years it was time for me to retire and transfer it to an organisation which would add energy and value.
I came into contact with Richard and Fairmountain through a business broker.
The process of selling the shares was quick and easy. The thing I was most impressed and happy with was that Fairmountain were extremely supportive and professional throughout the process. The biggest challenge for me as Managing Director was letting go after building and running the business for so long.
Since selling the shares and remaining in the business for a short period of time, I found working with Fairmountain that they were professional and quickly added value to the business.
I am now able to spend my time after leaving the organisation to focus on my voluntary work in the Education sector and Advisory work for business.
I would highly recommend any organisation wishing to sell their business to do this with Fairmountain".
"We sold to Fairmountain in October 2019, we got on well with Allan and Richard and it was all fairly straightforward and happened within a few weeks"
"The thing that I was most impressed by was their straightforward approach."
"They've been fully supportive at each stage and even though I felt that I was laying myself bare by opening up the business to someone from outside, Richard explained what they were doing and mitigated my concerns at each stage."
"Since selling we've found that we can enjoy work again".
"I would recommend Allan and Richard and found that you don't get to know the true worth of a person until you've handled difficulties, but they've acted with integrity throughout and I'd thoroughly recommend working with them."
Joanna had worked in recruitment for over 20 years when Fairmountain Group bought Advantage Recruitment in October 2019.
"The energy levels, support, flexibility and autonomy within the business is fantastic. Knowing that you have all of that knowledge and support behind you has been very reassuring. We've had a challenging year due to the Covid pandemic but the support that we've had from Fairmountain has been second to none. I can't recommend them enough for their honesty, integrity energy and knowledge; I would thoroughly recommend speaking to them"
My name is Jonathan Loveday and my company is Loveday Construction Ltd, I agreed the deal with Fairmountain on the 17th of June 2021 as I wanted to capitalise on the entrepreneur tax relief received from HMRC by selling my company that was cash rich.
I came into contact with Richard/Fairmountain through, a Business Broker. Richard Brady arranged a Zoom meeting with his associates and proposed a deal that I was happy to proceed with.
The process of agreeing the deal was friendly, very clear with straight talking and no sales waffle. I set out the parameters of the deal I required to be interested in selling the company, Richard considered it and over a couple of weeks and after another meeting the general details of the deal were agreed.
The thing that I was most impressed with was the clear explanation of the process that we went through, being unfamiliar with the process of selling a company Richard spent time explaining each line of the heads of terms, share purchase agreement etc all of which was verified by my solicitor later, giving me complete confidence in the deal that was on the table.
The biggest challenge for me was trust in the process, letting go of the company I had built for many years wasn’t easy, but I felt as if I was handing it over to new owners that would respect the ethics that I had instilled and look after the staff that I had built up over the years and bring the company on to even greater achievements.
Since working with Fairmountain I have found it very relaxed and stress free, there has been no rush or panicking to bring new procedures in place, more a very considered patient approach following meetings and discussion to understand the existing company and finding ways to improve.
I am now able to relax and have the time to really think about how the company can move forward, I am still a 10% shareholder in the business and very much want to be involved, albeit from the sidelines and help the company progress.
I would certainly recommend selling my company to anyone who feels they have reached the limit of where they can go with their company but would also like to see it grow further.
Richard Brady/Fairmountain are a very professional, hard working company who seem to be very focused on what they want and have a very clear vision of how to get there.
J. Loveday – Loveday Construction Ltd