Taylors predicts a year of acquisitions in Lancashire

Taylors Corporate Deals and Finance teams believe 2021 will be a busy one for acquisitions in Lancashire. 

Corporate partner Matthew Catterall says many firms with strong balance sheets are already eager to make opportunistic acquisitions.

He said: “Despite difficult times for hard hit sectors such as hospitality and retail, it’s very pleasing to note that many regional manufacturers are delivering strong performances.

“Our deals team expects to see an increase in acquisition activity across Lancashire indeed, we have started to see signs of confidence returning to the market in the final quarter of 2020.”

Matthew says Taylors are also seeing evidence of more owners looking at alternative business structures in order to future proof their businesses. 

He added: “In the second half of 2020 we saw a rapid increase in de-merger activity – where one part of the group may be weaker than other parts which are thriving — and we expect this trend will continue throughout 2021. 

“We are also much busier with group restructure work — with many clients looking to protect key assets such as Intellectual property rights from supply chain risks. Again, we anticipate that this activity will grow through 2021.”

Taylors has just secured a move of its Manchester operations to prestigious new premises at the re-developed St James’s Tower.

The Charlotte Street offices, located on the seventh floor and situated in the centre of Manchester’s business district, offers the growing law firm high-quality office space with views across the city. Around 25 Taylors staff will be based in the new premises.

Headquartered in Blackburn, niche commercial law firm Taylors is committed to providing the highest quality service through a real understanding of clients’ needs, business priorities and specific requirements. For advice on corporate deals and finance, speak to Matthew Catterall on 01254 297920 or email matthew.catterall@taylors.co.uk