Ashtons Legal advises on the sale of Drayton Old Lodge Limited

Ashtons Legal has recently advised owner John Barnard on the sale of his company, Drayton Old Lodge Limited, to a 360 property development company, Wilson Development Limited.

Wilson Development Limited, represented by Roger Margand at Spire Solicitors LLP, is well established in East Anglia and known for their luxury enterprise portfolio consisting of some of Norfolk’s most well-known staples including The Assembly House, The Pigs, Edgefield, and Byfords. The transaction will allow for the buyer to build 35 residential homes on the site in Drayton, Norfolk.

Paul Mitchell, a solicitor in Ashtons Legal’s Corporate and Commercial Department, advised John and comments: “Having helped John to acquire Drayton Old Lodge back in 2015, the team here at Ashtons Legal were delighted to be able to assist in the onward sale of the business in 2019. It was a pleasure to assist John in this transaction and it is a very positive outcome for all concerned. This is another great example of how Ashtons can deliver a multitude of services seamlessly to our clients.”

Ian Nelson from MHA Larking Gowen advised John on the accountancy, taxation and business strategy aspects of the transaction and comments: “It was great to work closely with Ashtons again and assist John in the successful sale of his business.”

John Barnard, the seller of Drayton Old Lodge commented: “Many thanks to Paul Mitchell and the team at Ashtons for their excellent service and their professional yet pragmatic approach in getting the deal over the line”.

John added “Both Ashtons and MHA Larking Gowen worked hand in hand in guiding me through this complex process and I would have no hesitation in recommending them.”