Vincents completes more than £12m of deals during lockdown

The Lytham-based corporate team of Vincents Solicitors has completed £12.5m in deals since the start of the coronavirus pandemic lockdown in March.

Deals have involved sales and acquisitions of asset and shares across a range of commercial sectors nationwide, primarily for nurseries, care homes, care agencies, professional services firms and agricultural holdings.

While the lockdown caused delays, due to restrictions on movement and uncertainty about the future, head of corporate Matthew Scott believes the volume of deals completed demonstrates an appetite for investment.

He said: "While there has certainly been some difficulty in getting deals over the line where circumstances have changed or funding has had to be renegotiated, those deals have still managed to complete.

"Brokers and solicitors have also had to be more fluid in terms of creating new deal structures that work for both parties in these ever changing times.

"How new deals will play out as we head into 2021 is hard to say, but the people we’re talking to remain positive and, as with any economic shift, opportunities will present themselves for those willing and able to take advantage."

Vincents now plans to expand and recruit in the New Year.

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