Geldards advise Derbyshire bike firm Moore Large on management buyout
Geldards has advised the Family Trust behind Moore Large, one of the UK’s largest family-owned supplier and distributors of bicycles, on a sale to its Management Team to support its growth plans in response to a huge surge in demand for bicycles since the Covid pandemic.
Moore Large, based in Derbyshire was established in 1947 by John H Moore who opened its first bike shop in Rickmansworth and has since grown to offer a wide range of cycling products, as well as representing some of the largest global brands in the market.
An eight figure funding package from HSBC UK supported the management buyout, which sees four senior members of management take over the helm with the ambition to grow the business by 40 percent over the next four years.
Andrew Walker, Dale Vanderplank, Adam Biggs and Adam Garner take over full shareholding of the company from exiting chairman and managing director Nigel Moore, who is retiring after 40 years and brings the Moore family’s 75 year involvement to an end.
Geldards provided legal advice to the Family Trust on the sale to the Management Team. Leading on the sale from Geldards’ East Midlands Corporate team was Partner, Debra Martin, supported by Associate, Manjot Shokar, who advised on all elements of the transaction.
Debra Martin, Geldards Corporate Partner commented:
“Moore Large is a hugely successful Derbyshire business with a proud family heritage and it was a privilege to advise the Family Trust on the sale to the Management Team who are well placed to ensure the business will continue to thrive and achieve further growth.”