With new technologies, policy and regulatory change, manufacturer demands, changing consumer attitudes to transport and new market entrants, the transport sector faces disruption and huge pressure to adapt and evolve. At Pitmans we understand the challenges business owners face to survive and thrive in such an ambitious and competitive environment.
Our responsive team offers clients deep transport and automotive sector knowledge, with a particular focus on supporting owner-managed dealerships at all stages of the business lifecycle from start-up through financing expansion to sale, investment or exit planning.
Our partnership with the Ridgeway Group exemplifies our approach and experience – a twenty-year relationship supporting its successful growth and expansion from start-up to exit (via the largest deal in the industry for a decade). Download the case study here.
We acted for a motor insurer in relation to an injury to a minor resulting in brain damage. Liability was admitted and the claim of approximately £3m was submitted. Settlement was ultimately negotiated at a little over £300,000.
In order for the employer to close the Scheme to further benefit accrual, Pitmans advised the Trustees of Continental on negotiating maintenance of the final salary link and getting a commitment from the employer to fund the Scheme to enable benefits to be secured in full with an insurance company within five years.
We advised the sponsoring employer Singapore Airlines on the proposal to close the scheme to further benefit accrual. We assisted with the consultation and presentation material, responsed to members’ queries and drafted and negotiated deeds of amendment, together with incidental advice concerning the payment of contributions to the replacement scheme by salary sacrifice.
We acted on the £220M sale of Red Funnel and the reinvestment by management to M&G Infracapital Partners.