Colman’s of Aysgarth purchased by Wakefields with Hay & Kilner's guidance

Deal News | Dec 16, 2024 | B Daily

Colman’s of Aysgarth purchased by Wakefields with Hay & Kilner's guidance

Hay & Kilner LLP, a prominent North East law firm, provided crucial legal assistance to Peter and Teresa Wakefield in their acquisition of Colman’s of Aysgarth, a hospitality and leisure business situated in the Yorkshire Dales. The acquisition marks a significant career shift for the Wakefields, who were previously in the dentistry field. The property, a picturesque site covering 1.7 acres, includes a touring caravan park and a residential guesthouse, positioned strategically near local attractions such as Aysgarth Falls. Peter and their son, Harry, will manage the operations of the guesthouse and campsite, respectively. Hay & Kilner's corporate and residential conveyancing teams played key roles in both the acquisition and the sale of the Wakefields' former residence. The sellers, Matt and Clare Colman, were advised by Christie and Co and represented by BHP Law. Both parties expressed their satisfaction with the transaction and optimism for the future of the business under new management.

Sectors

  • Hospitality and Leisure
  • Legal Services

Geography

  • United Kingdom – Colman's of Aysgarth is located in the Yorkshire Dales, and Hay & Kilner LLP is a North East-based law firm, situating the activity in the UK context.

Industry

  • Hospitality and Leisure – The article discusses the acquisition of Colman's of Aysgarth, a business within the hospitality and leisure sector, featuring a guesthouse and campsite.
  • Legal Services – Hay & Kilner LLP provided legal support for the acquisition, highlighting the role of legal services in business transactions.

Financials

    Participants

    NameRoleTypeDescription
    Colman's of AysgarthTarget CompanyCompanyA boutique guesthouse and campsite located in the Wensleydale village of Aysgarth.
    Peter and Teresa WakefieldBidding Company/BuyerPeopleThe new owners of Colman's of Aysgarth, transitioning from careers in dentistry.
    Hay & Kilner LLPLegal AdvisorCompanyThe law firm that advised the Wakefields on the acquisition.
    Matt and Clare ColmanSelling Company/VendorPeopleThe previous owners of Colman's of Aysgarth.
    Christie and CoAdvisor to SellersCompanyThe company that advised the sellers.
    BHP LawLegal Representation for SellersCompanyProvided legal representation for the sellers.