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Banner Jones assist in £1.75m deal

Banner Jones assist in £1.75m deal

Banner Jones help X-Cel Superturn acquire Colson Industries in £1.75m deal. Sheffield-based X-Cel Superturn (GB) Ltd, which manufactures precision engineered components for the oil and gas sector, has acquired fellow Yorkshire business Colson Industries in a £1.75 million deal. X-Cel Superturn was founded in 1984 by current Managing Director Andrew Taylor as Sheffield Superturn to manufacture small to medium CNC machined parts. The company has expanded through a combination of organic growth and acquisition and this year expects to grow turnover from £24 million to £30 million, independent of the Colson acquisition. It employs 130 people across its sites in Sheffield, Rotherham and Batley. X-Cel Superturn plans to quadruple sales at Colson Industries, from £2.5 million to £10 million over the next two years, adding 25 employees over the period to bring staff numbers up to 65. Colson Industries will now act as a 100% subsidiary of X-Cel Superturn.

Banner Jones receives TOP FIRM status

Banner Jones received another accolade this month from the InterContinental Finance Magazine (ICFM). Chris Sellars, Director and Head of Business Legal Services says ‘We are delighted to have received the HIGHLY COMMENDED – TOP TIER FIRM status in the TOP BUSINESS LEGAL SERVICES FIRM OF THE YEAR – UK category. The awards are voted for by their readership who said that Banner Jones is considered to have performed to exceptional levels during one of the most difficult economic periods ever experienced. I am very proud of my team and all the staff at Banner Jones who make winning these awards possible.’ The Banner Jones Business Legal Services team are continuing to develop their Family Business specialism by utilising their ICFIB (International Centre for Families in Business) accreditation. Their regional specialism in this area allows them to give tailored legal advice to family owned businesses whose requirements are very different and often more complex.

Banner Jones helps client bid for Alton Manor

Banner Jones were asked to bid in a prestigous auction on behalf of clients last week. The Grade II listed property, where the late Lady Winifred Hilton, widow of Lord Lieutenant of Derbyshire Sir Peter Hilton, lived, went under the hammer with a £1m guide price and sold at £2,425,000. Stephen Gordon from Banner Jones says 'This is the largest property transaction we have completed in a long time and my client is delighted to have bought Alton Manor as their new family home' The auction itself was held in the grounds of this stunning property and attracted interest from far and wide. The estate’s complete furniture, decoration and effects raised another £330,000 in a separate sale with a smaller amount of items from elsewhere.