We recently represented the selling shareholders of HMP Associates Limited (“HMP”) in connection with the purchase of HMP by leading UK accountancy and payroll solutions provider IRIS Software Group. HMP operates via its three subsidiary companies Harper Morris (Payroll) Ltd, Bridgehead (Europe) Ltd, and Bridgehead (UK) Ltd.

Harper Morris (Payroll) Ltd was founded in 1984 and specialises in payroll management, processing over 250 payrolls on a monthly basis. Its sister companies, Bridgehead (Europe) Ltd, and Bridgehead (UK) Ltd, complement HMP’s offering by specialising in a full range of HR services including strategic HR planning and the implementation of employee benefits packages.

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Richard Barnes, the majority shareholder of HMP prior to the company’s sale, said: “I would like to thank Petra and her team for completing the sale of Bridgehead in record time. Particular thanks go to Abigail Williamson and Stephanie Lems for guiding me through the rigorous due diligence process as their calm and composed approach made what could have been a stressful experience much easier to navigate, and their attention to detail and commitment to ensuring a smooth transaction were truly remarkable. Once again, thank you all for your exceptional work.”

Richard and his fellow shareholders were advised throughout the transaction by Petra Sharp (Partner), Abigail Williamson (Associate Solicitor) and Stephanie Lems (Solicitor). Employment support was provided by Tina Maxey, Associate Solicitor.

On behalf of the team, Petra said: “It was a pleasure to work alongside Richard and the team at HMP, as well as IRIS and their advisers, Eversheds Sutherland. It was especially pleasing to see this to a conclusion given we were on board at the commencement of the journey over a decade ago.

Our Corporate and Commercial team are always happy to have preliminary discussions regarding exit plans and can advise on the structure of any sale, in conjunction with your tax adviser.

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