Birketts has advised the shareholders of Total Tiles Limited (Total Tiles), Andy Moore and his team, on their sale to the CMOstores.com group who specialise in online stores delivering building supplies for a sum of £6m.
Partner Mark Pinder and Legal Director Nick Burt led the acquisition, with support from Solicitors Grace Shek and Simona Gruodyte and Secretary Gabriella Szabo (Corporate). Further assistance was provided by Karl Pocock (Tax), Jeremy Stanton (Property), Kitty Rosser (Data Protection) and Rosanna Clarke (Property).
Based in Ipswich, Total Tiles was established in November 2006 and has grown to having combined storage facilities of over 62000ft² over two warehouses holding over 250000m² of bathroom tiles, kitchen tiles, floor tiles, wall tiles and underfloor heating available online for home delivery across the UK.
Commenting on the sale Mark Pinder, Partner at Birketts, said: “This acquisition is excellent news for both Total Tiles and CMOstores.com and we wish them the best for the future. Our team of Corporate lawyers advise companies across a wide range of sectors, from start-ups to established corporations, and are equipped with the expertise and experience for sales such as these. The additional support available from our colleagues across Birketts means we can prepare for every scenario.”
CMOstores.com were advised by Sean Fitzgerald, Rachel Clarkson and Hollie Wash from Ward Hadaway.
Total Tiles’ Andy Moore added: “We are delighted to join the CMOstores.com group. Myself and the shareholders at Total Tiles are very grateful for the excellent service and advice from Mark, Nick and the Birketts team. Their insight and experience made the whole transaction seamless.”
The content of this article is for general information only. It is not, and should not be taken as, legal advice. If you require any further information in relation to this article please contact the author in the first instance. Law covered as at January 2021.