Juratek

The expertise, professionalism, commitment and passion to get the deal done came across very strongly.

Matt Robinson - Managing Director, Juratek Limited

My former business partner Alan Hooks decided that he wanted to exit the business and I was given the opportunity to consider a management buyout. I decided at that point it was to be with two of the guys I had recruited and brought into the business (Toby Whewell Sales Director and Mark Clegg Operations Director) That decision was reached at the end of 2018 and we started the process in Q2 of 2019.

We looked at a number of partners, had an initial meeting with Shorts and got a good feel for that meeting. So it was decided we would appoint Shorts to act on behalf of the management buyout team, to assist in preparing forecasts and an investment document, which obviously involved numerous discussions and understanding of our company.

At the same time, there were simultaneous discussions with the tax team at Shorts, where advice was given to us both on corporate tax and personal taxation issues going forward.

I’m a big believer that in business, what’s important is your relationship with people. We saw a number of firms, but from the very first meeting, I got an impression of competence and integrity and also a firm that seemed very keen and clearly had our interests at heart. From the beginning, Shorts were very professional, good communication, good feedback – not scared to speak truth to power – and I was quite happy with that. We haven’t done this before and therefore you need someone who’ll say, “no, you’re barking up the wrong tree, you’re not thinking the right way, leave it to us”.

All the people we dealt with at Shorts, (David Robinson, Adam Ames and Andy Ryder) were all very competent and very professional; we enjoyed working with them. And the expertise, professionalism, commitment and passion to get the deal done came across very strongly.

Would I recommend someone else to use Shorts? – Absolutely, without hesitation.

Shorts Services

Corporate Finance
  • Preparation of detailed monthly financial projections and investment document for submission to HSBC
  • Advice on the funding capacity of the business and consideration of a suitable funding structure
  • Advice on the formulation of the offer to acquire the Company and negotiation of Heads of Agreement with the Seller
  • Review and advice on banking documents and financial covenants
  • Close interaction with HSBC throughout
  • Project managing the transaction to legal completion
Business Taxes
  • Tax advice to minimise tax risks on the transaction
  • Tax advice on group structure and shareholder remuneration going forward

About Juratek

Established in 1995, Juratek is a leading Aftermarket supplier of braking components to fit Passenger Cars, Light Commercial Vehicles, Trucks and Trailers. The company prides itself on the first class quality of its Brakes Pads, Brake Discs, Brake Calipers and Brake drums which are developed as direct replacement to Original Equipment parts.

Juratek Website

COVID-19In line with government guidance we’re delighted to be welcoming back clients, business partners and the Shorts team to our offices from 19th July 2021. We want to make sure that all visitors feel comfortable during their visit, please let us know if there is anything you would like us to put in place prior to your visit. We’ll still be following best practice and will have all hygiene requirements covered.