Bright Solicitors are delighted to have helped the owners of the Duke of Cornwall Hotel in the sale of their business to its new owners Fragrance Group, being operated by Bespoke Hotels.
The sale of a business is always about more than the mere disposal of assets and, in this case, owners Jon Morcom and Walter Combstock both felt a particular responsibility to their staff, customers and suppliers, as well as to the hotel’s long and interesting heritage as a landmark site in Plymouth.
Jon commented: “We have worked with Matt Cook at Bright Solicitors for a number of years. When it came to the sale of our business we knew that with Matt and the team at Bright Solicitors, we were in safe hands. But for us, it was about more than knowing the technical aspects would be well handled. We needed to feel that our legal advisors would work alongside us in bringing the deal to its conclusion, understanding our commercial concerns, and our aspirations for the future of the business in its new ownership. Matt and the team at Bright provided that reassurance in spades.”
The commercial deal was far from straightforward. Matt said: “The matter was a complicated one and took some time for us to reach conclusion. There were a number of obstacles along the way, partly down to the history of the building and the fact that Jon & Walter have held in their tenure for such a successful period of time. I was delighted to be able to see them complete on the matter and wish them both the very best for their future plans, whatever they may be.”
For Walter, the sale brings to an end a long involvement with the Duke of Cornwall Hotel, lasting more than 57 years. Walter said: “Matt’s customer service was excellent. He guided us through a long and, at times, complex process, always ensuring that we understood what was happening, why it was happening and what our options were. We couldn’t be happier with the advice and service we received from Bright.”
Matt Cook – Partner at Bright Solicitors and Head of Commercial Law Team
Matt Cook specialises in the disposal and acquisition of businesses of all sizes. Bright is able to put together teams to deal with all aspects of a commercial transaction, assisting with everything from preparing a business for sale, through to the employment and property aspects of a successful sale or purchase.
If you are considering a business sale or purchase, or looking to the future and succession planning, please contact Matt for a discussion about how Bright can help you to realise your plans: email@example.com