We were pleased to advise the owners of a successful Stockport-based business when it was acquired by a major PLC on their tax liabilities.

TF Solutions, (TFS) is one of the UK’s leading air conditioning and refrigeration distributors and was recently acquired by the country’s largest builders’ merchants, Travis Perkins.

The purchase enables Travis Perkins to expand its offering through the sale and supply of air conditioning units. Our specialist tax role on the deal was highlighted by North West Business Adviser magazine – you can read all about the deal here.

Tax advice on deal

TFS was founded in 2001 and distributes a range of refrigeration and air conditioning products from three sites in Stockport, Burton on Trent and Dunstable. It will continue to trade as TF Solutions following completion of the deal.

Murray Patt,, founder of Alexander Knight & Co, said:

We were delighted to provide our client with the tax advice on this transaction and expect them to go from strength to strength as part of one of the most trusted brands in the building materials marketplace.

Andrew Cherrill has been confirmed as the new managing director at TF Solutions. He said:

We fully intend to continue operating as we have always done giving our customers a service level which is second to none in the industry. The acquisition deal will allow us to grow as a company and expand that service.

Frank Elkins, CEO of Travis Perkins’ Contracts division, added:

“TF Solutions have an extremely strong identity within the air conditioning and refrigeration market.”

The business currently employs 48 people at its three branches trading across the whole of the UK.

Speak to us to get specific tax advice before you agree any kind of deal. You need to know how to minimise the level of tax you will pay when you sell your business.