View Miscellaneous Sectors | | Turnover A leasing subsidiary which has more than £50m of uncrystallised plant and short life asset capital allowances worth circa £15m is for sale.
The uncrystallised capital allowances represent the unique security as these can be set against any profits of the acquiror's group representing a potential tax shelter worth up to £15m.
The subsidiary has a significant finance lease book. Its underlying assets (circa 40,000 units nationally) have a net book value of £13.5m. The lessee for all the finance leases is with a separate group company. There is the opportunity to provide ongoing finance lease requirements of up to £12m per annum.
The subsidiary may suit a profitable buyer who already operates a finance lease book or similar.
turner parkinson LLP is a Manchester based commercial law firm, specialising in SMEs and owner managed businesses with a turnover between £0.5m - £20m.
