Three year management buyout of Yorkshire medical company completes

A Yorkshire medical company has announced that it has received a cash injection as it is acquired by two businesspeople.

The final stage of Beaucare Medical’s management buyout has been completed by the company’s managing director and commercial finance director.

The investment has been supported by Santander and advised by LCF Law.

Beaucare’s managing director, Heather Mawrey, and commercial finance director, Joe Storr, first bought into the business in 2017 when original owner, Jonathan Brown, sold his controlling stake. The pair have now bought Brown’s remaining shares in the business.

Heather commented: “We’ve enjoyed a busy period in the three years since Joe and I initially bought into the business.

“We’re extremely grateful to Jonathan for his continued input, which has created a seamless handover, and we’re delighted to complete the final stage of this MBO.”

Partner and head of the corporate department at LCF Law, Susan Clark, said: “I have thoroughly enjoyed advising Heather and Joe on the final stage of their MBO and working alongside a number of other Harrogate-based professionals during the deal, including Paul Land from accountancy firm TPL.

“The MBO will allow the senior management team to continue building on its hard-earned successes.”

Santander’s relationship director at regional corporate banking, Alastair Morris, added: “Beaucare Medical has supported the care sector for over 25 years and we are proud and delighted to continue to support them as their banking partner.

“Heather and Joe have done an outstanding job in the last three years despite the various economic and political headwinds.

“Their continued growth and success means even more care centres across the UK can benefit from the excellent service the team provides.”

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