Carl Chadwick has experience in selling and raising finance for franchise businesses. The sale of a cleaning franchise to a multiple franchise group, advise to food industry franchises and the floatation of Belvoir the lettings agency franchise number amongst the deals.

The purchase of the Gas Elec franchise from the former franchisor by its current owners involved negotiation of the deal, refinancing and assistance with the restructuring of the business. Most of the projects that we undertake relate to members of BFA ( British Franchise Association )

Finance raising for a franchise organisation usually involves banking packages for both the franchisor and the franchisees, to assist in growing the franchise.

A Nottinghamshire businessman has purchased a national franchise Gas-Elec Safety Systems Limited having secured funding from Barclays.

Ian Seabridge, who owns Ridgebase Limited, has purchased Gas Elec Safety Systems Limited, Safety Choice Limited and Gas-Elec Bureau Limited through Gas-Elec Holdings Ltd business with fellow Directors and shareholders Nick Morton and Steven Dearlove – who each own existing franchises in the company in their respective areas of Ipswich and Somerton.

The Organisation / Franchise, which was established in 2004, offers safety testing, servicing and maintenance for gas and electrical products to letting agents, landlords and consumers throughout the UK.

Commenting on the purchase, Director Nick Morton said:

We were presented with the opportunity to buy out the retiring owner of the business and embraced it wholeheartedly. We believe in the value of the brand and are delighted to be given the opportunity to take over the reins and further grow the business on a national scale.

Funding for the buy-out was provided by Barclays. Alan Mele, Relationship Director at Barclays in Nottingham said:

I was provided with the opportunity to support this exciting purchase of a Nationally Based organisation and was only too pleased to support Ian, Nick and Richard with the purchase and look forward to seeing them develop the business across the country.

Carl Chadwick of Sunaxis Ltd and Peter Seary of Roythorne’s Solicitors supported and advised on the deal.