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Corporate Finance Deal - Stowford Farm Meadows
15th January 2021
Redvers and Denzil Rice Farms (trading as Stowford Farm Meadows) has been acquired by Royale Resorts. Stowford Farm Meadows is a large caravan site and holiday park based in North Devon. The sale provides an exit for the Rice family who have run the park for over 50 years.
Royale Resorts is part of the Royale Group, who own and operate holiday parks, luxury lodges and adventure parks across the UK.
In advance of the sale to Royale, the shareholders extracted the caravan retail business and assets from Redvers and Denzil Rice Farms and sold it to a new company, Stowford Leisure Ltd, owned by the management team. Stowford Leisure will continue to retail caravans and motor homes from its sites in North Devon and South Wales.
Bishop Fleming provided Corporate Finance and Tax Advisory service to the shareholders of Stowford on both transactions.
We were recommended to Bishop Fleming to advise us and lead us on this transaction and can heartily recommend them on the basis of our own experience. Over many months, they participated in several key family meetings, prepared the necessary financial reports required for the sales process, liaised with the buyers and their advisers on our behalf, advised us on the tax implications for us all and also made time to hold our hand through key meetings as things came to a head late in the process. I found them to be both knowledgeable and experienced but still friendly, patient and approachable throughout. Should I be in the same situation in the future, I would have no hesitation in approaching Bishop Fleming again.
Andrew Noall, Stowford
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