Pierce advises on family firm's share capital buyout

Threshfield PR.png.jpg

A Yorkshire catering supplies firm that sources and distributes fresh fruit, vegetables, and fine foods to various industries has successfully completed a management buyout of its entire share capital as part of a family succession plan.

Threshfield Catering Supplies initially began as a local fruit and vegetable shop supplying residents in the Guiseley area before being approached by a nearby Grammar school and Restauranteur wanting to provide students, employees, and diners with fresh, locally sourced ingredients.

From here, founder Michael Buck realised an opportunity to expand into trading wholesale fresh fruit, vegetables, dairy products, and a delicatessen with the catering sector, their customer base consisting of restaurants, hotels, schools and nursing homes. The business grew from a local shop into a warehouse.

The business diversified into online retail sales prior to the Covid Pandemic in 2020 by creating VegBoxCo and as a result of the lockdown, sales exponentially grew for their customisable boxes while the requirement from schools, restaurants, and hotels decreased due to being forced to close.

VegBoxCo delivers to Leeds, Bradford, Harrogate, Halifax, Huddersfield, and the surrounding areas, and through advertising on social media, the business announced that the warehouse was open to the public and orders can be placed by telephoning the office alongside the website.

The succession plan sees Michael Buck transferring the business to his son, Richard, with the Pierce Corporate Finance Team providing support and advice on the details of the buy-out.

Michael, although reducing his current operational role within the business will continue to work with Richard and the business on a consultancy basis during a transition period to ensure a smooth handover of operation and management responsibilities. The buyout facilitates retention of the business within the family.

Legal advice on the transaction was provided by Greg Gardner-Boyes, KBL Solicitors.

Michael Buck, founder of Threshfield Catering Supplies, said: β€œI have worked with Pierce for over 40 years having their help on many occasions has helped me plough through the lows and highs of building a business up and now they have assisted us in putting a package together not just dealing with myself and Richard but also the banks as well. I am now looking forward to many years of retirement.”

Jimmy Moore, Pierce Corporate Finance, added: β€œIt was a pleasure to assist Mick and Richard on this transaction, allowing Mick to realise value from the business he has taken from humble beginnings to the successful business in operation today. The transaction allows the business to remain within the family under the new stewardship of Richard Buck. I look forward to seeing how Richard takes the business forward.”

Enjoyed this? Read more from Pierce CA Ltd

Latest news

1

VARS Technology team up with debt resolution specialists to fight fuel theft David Nichol John Garnett Aydan Jones and Laura Tilley

VARS Technology team up with debt resolution specialists to fight fuel theft

12 Sep 2025

2

University of Lancashire unveils Preston campus installation to celebrate name change University of Lancashire new feature

University of Lancashire unveils Preston campus installation to celebrate name change

12 Sep 2025

3

PM+M welcomes ten new apprentices for 2025 intake Lucy Field, Kate Walsh, Ellie Fisher, Zainab Aswat, Reece Jones, Aisha Bibi Patel, Finley Vila, Uzair Zariwala, Richard Prest, and Charlie Harrison

PM+M welcomes ten new apprentices for 2025 intake

11 Sep 2025

4

ROCCIA strengthens commercial division with senior appointment Andrew Grove

ROCCIA strengthens commercial division with senior appointment

11 Sep 2025

5

Final call for investors: Rossendale community solar project must hit target by November Gary McEwan managing director of Interfloor

Final call for investors: Rossendale community solar project must hit target by November

10 Sep 2025

Background image for hub sign up block

LBV Hub

Leverage Lancashire Business View platforms

Post your news
Post your events
Post your offers
Build your network
Improve your SEO
Gain coverage in the magazine
Sign-up
Events
Sub36 Networking - Follow the signs
Sub36 Deaf Village Social1200
Networking
17 Sep 2025

Sub36 Networking - Follow the signs

The Deaf Village, Blackburn, BB2 5EN

10:00 - 12:00

LBV124 September/October Launch Event
MBP Arc Cinema Preston Opening 205
Networking
18 Sep 2025

LBV124 September/October Launch Event

The Arc Cinema, Preston, PR1 2BL

08:30 - 10:30

CMI Level 5 Management and Leadership Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Management and Leadership Course

Preston Campus, Preston , PR1 2HE

09:00 - 17:00

CMI Level 5 Project Management Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Project Management Course

Preston Campus, Preston, PR1 2HE

08:00 - 17:00

Longridge Soap Box Derby
Screenshot 2025-06-10 090035.png.png
LBV Hub Fundraisers
14 Sep 2025 - 14 Sep 2025

Longridge Soap Box Derby

Berry Lane, Longridge, PR3 3WH

10:00 - 16:30

Preston Tech Connection - The Ultimate Tech Quiz!
Preston Tech Connection Sept 25.png.png
LBV Hub Networking
16 Sep 2025 - 16 Sep 2025

Preston Tech Connection - The Ultimate Tech Quiz!

Society1, Coworking Space, Preston, PR1 3LT

18:00 - 19:00

The Business Network Central & East Lancashire
LBV Hub Networking
17 Sep 2025 - 17 Sep 2025

The Business Network Central & East Lancashire

Stanley House, Blackburn, BB2 7NP

11:30 - 14:15

Cumbria Business Expo 2025
https---cdn.evbuc.com-images-880461633-4862066883-1-original.20241022-110415.jpeg.jpg
LBV Hub Exhibitions
19 Sep 2025 - 19 Sep 2025

Cumbria Business Expo 2025

Carlisle Racecourse, Carlisle, CA2 4TS

09:00 - 15:00

Preston Freelancer Meet-Up: September
Sept Freelancer (1).png.png
LBV Hub Networking
23 Sep 2025 - 23 Sep 2025

Preston Freelancer Meet-Up: September

Society1, Coworking Space, Preston, PR1 3LT

10:00 - 11:30

Your Business, Your Region: Making sense of devolution and Local Government Reorganisation
Chorley Council breakfast event new
LBV Hub Networking
23 Sep 2025 - 23 Sep 2025

Your Business, Your Region: Making sense of devolution and Local Government Reorganisation

Worden Hall, Leyland, PR25 3DH

08:00 - 11:00

Speed Networking with BNI
2.png.png
LBV Hub Networking
24 Sep 2025 - 24 Sep 2025

Speed Networking with BNI

Chorley Football Club, Chorley, PR7 3DU

16:00 - 19:00

The Marketing Meetup IRL: Lancashire - September
TMM Lancashire
LBV Hub Networking
25 Sep 2025 - 25 Sep 2025

The Marketing Meetup IRL: Lancashire - September

Chorley, PR7 2SL

18:00 - 20:00

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more LBV 123 Online Graphic
Subscribe now

Weekly news bulletin