Payroll Services
Jerroms Corporate Finance ensure successful sale of leading air compressor provider
Jerroms Corporate Finance is pleased to have advised and supported Bambi Air Compressors (Bambi Air) in its acquisition by Lucena Capital.
Situated in Birmingham, Bambi Air specialise in producing a wide variety of electric-only, oil-free, and silent air compressors for the dental & medical, OEM & scientific, and industrial sectors.
Established in 1977, by its current owner Laurence Clutterbuck, who is looking to retire, Bambi Air have a worldwide reputation for manufacturing quality products and providing outstanding after-sales care and servicing.
The buyer, Lucena Capital, founded by Ben Suquet, specialise in acquiring UK SME businesses from retiring owners to drive sustained success and long-term growth. The acquisition of Bambi Air further broadens Lucena Capital’s portfolio, having acquired Impress Group, a leading provider of precision engineering services in the UK back in November 2023.
David Fletcher, Managing Director, Jerroms Corporate Finance acted as lead advisor to Bambi Air, guiding them through the process from start to completion, and will continue monitoring and supporting Laurence throughout the post-deal integration phase.
Ben Suquet, Managing Director, Lucena Capital said: “I am thrilled to be part of the ongoing journey that Bambi Air has been on over the last 47 years. Their legacy is commendable, having established a specialist engineering and manufacturing business that consistently prioritises customer satisfaction through unwavering commitment to quality. Lucena Capital was created precisely for such succession scenarios. I am eager to collaborate with the Bambi Air team and assist in their ambitions to expand the business further.”
Laurence Clutterbuck, Managing Director, Bambi Air commented: “Jerroms provided excellent support throughout the acquisition process. From the outset they provided clear guidance to both us and the vendors and were always on hand to resolve any challenges that arose during the deal. Having their expertise to steer the deal in the right direction was crucial in driving the project towards a successful conclusion.”
Clare Lang, Partner, mfg Solicitors said: “It was a pleasure to represent the shareholders of Bambi Air in the successful sale to Lucena Capital. This transaction marks a significant milestone for Laurence, Ben and all parties involved, and we are proud to have played a part in facilitating this deal. Working alongside David and his talented team at Jerroms has been an exceptional experience, and their expertise was instrumental in achieving a smooth and successful transaction. We wish Bambi Air continued success under its new ownership.”
Legal support for Bambi Air was provided by mfg Solicitors and Cooke Corporate for Lucena Capital.
Successful sale of leading lift service provider
Jerroms Corporate Finance have provided lead sell-side advisory support to the owners of Elevate UK Lifts Ltd (Elevate UK), a leading provider of lift servicing and maintenance. The successful sale to Deltron Lifts, forms part of their growth strategy and will further enhance their presence across the Midlands.
Established in 2014, the owners of Elevate UK have developed and supported the business, fostering long-term relationships with customers across a range of sectors. They have also built a dedicated team of experienced and highly-skilled engineers committed to providing high standards in lift maintenance and customer service.
Ross Davis, Jerroms Corporate Finance said: “We are delighted to have advised and supported Elevate UK throughout the sale process. This deal represents a perfect fit due to their geographic synergy and like-minded focus on excellent customer service. Both parties showed a genuine commitment to guarantee a successful transaction, ensuring its continued prosperity. Special thanks to the teams at Wilkes and Higgs LLP for their support throughout the process, facilitating a seamless and organised transaction. Congratulations to all involved in this achievement.”
Harriet Taylor, Director, Elevate UK said: “The Jerroms Corporate Finance team guided us through the process step by step, ensuring we had a clear understanding to make informed decisions. We were very impressed with their professionalism and commitment throughout. It was important to us that the acquisition would ensure we continued to provide an excellent service to our customers, ensure the growth of the business and offer security for our staff.”
Legal support for Elevate UK was provided by The Wilkes Partnership and Higgs LLP for Deltron Lifts.
Successful EOT for leading jewellery manufacturer
The Jerroms Corporate Finance team are delighted to have provided advisory support to Merrell Casting Company Ltd, enabling the successful completion of an employee owned trust (EOT).
Watch our short video to find out more!
Jerroms Supports Leading HVAC Provider with Acquisition Advisory Expertise
Jerroms Corporate Finance advised and supported The Carver Group in the acquisition of S&P Coil Products Limited.
This strategic expansion significantly strengthens The Carver Group’s portfolio and extends its reach within the UK heating, ventilation, and air conditioning (HVAC) market. For over 50 years, S&P Coil Products has been a trusted supplier of quality products to various sectors, including the building services and education markets.
The integration of S&P Coil Products into The Carver Group enabled the company to offer a broader array of tailored products and solutions, designed to meet the demands of both the public and private sectors.
Chasz Coulsting, Director at Jerroms Corporate Finance, led the team at Jerroms providing transaction support services to The Carver Group on this acquisition. He commented: “We are thrilled to have assisted The Carver Group with this pivotal acquisition. Our team worked diligently to ensure a seamless process, and we are proud to have contributed to a transaction that will significantly enhance The Carver Group’s capabilities in the HVAC market. We extend our congratulations to both The Carver Group and S&P Coil Products and look forward to seeing their continued success. I would like to thank Adam McGiveron and Emma Bryant at Penningtons Manches Cooper for their professionalism and expertise in ensuring the very best outcome for everyone involved."
Aidan Killeen, Chief Executive Officer of The Carver Group, added: “This acquisition marks an exciting chapter for The Carver Group. As we integrate S&P Coil Products into our operations, we are poised to deliver an even broader range of high-quality solutions to our clients. Jerroms Corporate Finance and Penningtons Manches Cooper provided invaluable support throughout the acquisition, offering clear and strategic guidance that was instrumental in achieving this successful outcome. We are grateful for their expertise and dedication.”
Jerroms Supports Leading HVAC Provider with Acquisition Advisory Expertise
Jerroms Corporate Finance advised and supported The Carver Group in the acquisition of S&P Coil Products Limited.
This strategic expansion significantly strengthens The Carver Group’s portfolio and extends its reach within the UK heating, ventilation, and air conditioning (HVAC) market. For over 50 years, S&P Coil Products has been a trusted supplier of quality products to various sectors, including the building services and education markets.
The integration of S&P Coil Products into The Carver Group enabled the company to offer a broader array of tailored products and solutions, designed to meet the demands of both the public and private sectors.
Chasz Coulsting, Director at Jerroms Corporate Finance, led the team at Jerroms providing transaction support services to The Carver Group on this acquisition. He commented: “We are thrilled to have assisted The Carver Group with this pivotal acquisition. Our team worked diligently to ensure a seamless process, and we are proud to have contributed to a transaction that will significantly enhance The Carver Group’s capabilities in the HVAC market. We extend our congratulations to both The Carver Group and S&P Coil Products and look forward to seeing their continued success. I would like to thank Adam McGiveron and Emma Bryant at Penningtons Manches Cooper for their professionalism and expertise in ensuring the very best outcome for everyone involved."
Aidan Killeen, Chief Executive Officer of The Carver Group, added: “This acquisition marks an exciting chapter for The Carver Group. As we integrate S&P Coil Products into our operations, we are poised to deliver an even broader range of high-quality solutions to our clients. Jerroms Corporate Finance and Penningtons Manches Cooper provided invaluable support throughout the acquisition, offering clear and strategic guidance that was instrumental in achieving this successful outcome. We are grateful for their expertise and dedication.”
Our Payroll Services
- HMRC Statutory Forms, Including P45s and P60s
We will issue and process all statutory forms such as P45 and P60. These are essential for annual income tax reporting and instances when an employee leaves your company.
- PAYE, National Insurance, Statutory Sick and Maternity Pay, Bonus and Termination Payments
Payroll management requires a high level of attention to detail, especially when you have multiple employees with varying benefits packages. We will meticulously process all payroll in accordance with PAYE, deducting the appropriate tax and national insurance while adjusting wages for those on sick or parental leave.
Payslips will be processed and submitted on time along with quarterly filings and annual returns, and all aspects of pay legislation will be adhered to.
- Overtime, Mileage and Expenses Claims
Employee travel, expenses and overtime must all be recorded accurately. We will make payments through the payroll system.
- Pension Contributions, Salary Sacrifice Schemes and Childcare Voucher Schemes
All of the above must be deducted from your employee’s salaries, which can add another layer of complexity to payroll management. However, offering these benefits to your employees can be a fantastic way to reduce turnover and retain top talent.
Salary sacrifice schemes are especially beneficial to you and your staff because you’ll both stand to make savings on National Insurance. We’ll ensure the relevant percentage of earnings is deducted before tax and make pension contributions on your behalf.
- Deductions Such as Student Loans
Along with income tax and National Insurance, your employees might be subject to additional deductions depending on their current rate of pay and personal circumstances. We will calculate the amount that needs to be deducted for student loans based on each individual’s wage and repayment plan, along with any other relevant deductions.
- Employee Cost Reports
Generating detailed employee cost reports allows you to gain a deeper understanding of how much each employee costs – a figure which is often far higher than their salary alone. We will create and present these reports to you while suggesting strategic areas for improvement.
- Electronic Input of BACS Payments for Salaries, PAYE, Pensions and Childcare Providers
Making payments by BACs can be incredibly time-consuming. We will handle the input of all necessary BACs payments to save you time and hassle, from salaries to PAYE, pensions and childcare providers.
Get in touch
Working closely with our colleagues at Jerroms Miller Specialist Tax .
We can help you explore how an Employee Ownership Trust could work for your company.
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Jerroms Mortgage & Finance Ltd is registered in England and Wales. Registered number 11459888. Registered Office address as above. Authorised and regulated by the Financial Conduct Authority (reference number: 829252). Mortgages Together, Stratford Corporate Finance and Business Finance Quote are trading names of Jerroms Mortgage & Finance Ltd. VAT No. 326 4715 04.
Jerroms Financial Planning is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference 300784. Registered in England and Wales under reference 4710626. Registered office address: Lumaneri House, Blythe Gate, Blythe Valley Park, Solihull, West Midlands B90 8AH.
Client Directors of the firm are not directors of Jerroms and are not subject to the obligations and responsibilities of directors within Part 10 of the Companies Act 2006.
Jerroms is a trading style of both Jerroms Business Solutions Limited (08923059) and Jerroms GCN Limited (08433008). Registered Office for each of these Companies is: Lumaneri House, Blythe Gate, Blythe Valley Park, Solihull, West Midlands, B90 8AH. A list of directors is open for inspection at the Registered Office.
