NEWCASTLE law firm Watson Burton has advised the shareholders of a manufacturing company which has undergone a management buy-out.

The law firm provided legal advice in the sale of Barrett Steel Buildings Limited, in Bradford, which has been bought by majority shareholders and new directors of the company Sue Sharples and John Brennan.

The company has a turnover of £25m, and specialises in the design and building of steel structures nationwide.

Watson Burton corporate partner Andrew Walker led the legal team for the selling shareholders of Barrett Steel Buildings.

He has advised Barrett Steel Buildings and its sister company, Barrett Steel Limited, for more than 14 years.

Mr Walker said: "This is a timely, well-planned move for the company, which will continue to work closely with Barrett Steel.

"The co-operation of all parties helped to close the transaction speedily and effectively."

Richard Barrett, formerly a major shareholder, becomes non-executive chairman of Barrett Steel Buildings' new holding company for two years to aid the smooth transition of the business to its new ownership.

He said: "I appreciated the advice from Andrew Walker and the Watson Burton team, whose organisational ability, understanding of our work and technical skills undoubtedly helped us throughout this transaction."

Sue Sharples, joint managing director of the new company, said: "The selling shareholders, who are also directors of Barrett Steel Limited, were keen to transfer the business to the current management team and we are delighted to say we have their full support."