MoorcroftsMoorcroftsMoorcroftsMoorcrofts
Menu
  • Services
  • Team
  • Careers
  • Blog
  • Events
  • Contact

Moorcrofts LLP advises on restructuring of the Harlow Group

Moorcrofts LLP advises on restructuring of the Harlow Group

9th January 2019

Share this post

Leading Thames Valley Corporate Law Firm, Moorcrofts has advised the Harlow Group on a corporate restructuring.

The Harlow Group is a market-leading provider of precision sheet metalwork, fabrications and 3-D-printed additive components. Established in 1975 in Harlow, the company has grown in size and experience, and currently employs over 130 people in the UK, with customers including General Electric, Lotus Cars, Raytheon and Sony.

The restructuring included the exit of a shareholder, a transfer of loan notes, and the giving of a performance guarantee in relation to certain obligations of US sister company Harlow Fastech LLC in relation to the establishment of its precision sheet fabrication plant in Danville, Virginia.

The restructuring also involved a restructuring of term loan facilities provided by Santander UK plc and a new invoice finance facility from HSBC Invoice Finance.

Peter Woolley (corporate partner) led the transaction, with support from Matt Jenkin (employment partner), and Mohsin Shabbir (corporate solicitor).

David Gordon-Smith, the finance director of Harlow Group, said:

“We have sought Moorcrofts’ advice on a raft of matters recently. The best thing about using Moorcrofts is their attention to detail and ability to relentlessly pursue the requirements for completion. Peter Woolley goes above and beyond by providing both practical and compelling advice, but also explains it in plain English so I can assess risks and make the best decisions quickly. For me, once it was in Peter’s hands I no longer had to think about it or worry whether things were progressing – it is massively comforting knowing Peter and Moorcrofts are on the case.”

Peter Woolley commented as follows:

“It was a great pleasure working with David and the rest of the team at the Harlow Group. I hope that the opening of the US plant will provide the business with genuine momentum, and I look forward to seeing the Harlow Group continue to develop over the coming years.”

If you are considering any form of corporate restructuring or refinancing, please feel free to contact Peter Woolley.

Related Post

3RD MAY 2023

Moorcrofts LLP advises on PCB sale

25TH APRIL 2023

Moorcrofts LLP advises on Levelise sale

Recent Posts

  • Allyship in the workplace webinar

    16th May 2023
  • OpenChain UK Work Group March 2023 Meeting

    21st March 2023
  • OpenChain UK Work Group Meeting Announced

    22nd May 2023

Get in touch

team@moorcrofts.com
T. +44 (0) 1628 470000
F. +44 (0) 1628 470001

Find us

Thames House
Mere Park
Dedmere Road
Marlow
Bucks
SL7 1PB
Moorcrofts LLP is a limited liability partnership registered in England and Wales under number OC311818. Partners: Andrew Katz, Theresa Hunter, Julia Ferguson, Matthew Jenkin, Peter Woolley, Tim Astley and William Pearce. Authorised and regulated by the Solicitors Regulation Authority (number 419658) VAT no. GB 727298404

"Partner" means a member of Moorcrofts LLP or a person of equivalent status, qualification and experience

Privacy and cookies  | Service and price transparency  | Complaints

© 2023 Moorcrofts LLP, All Rights Reserved.