LEGAL firm TBI Solicitors has overseen the introduction of a corporate structure to help the growth plans of one of the North- East’s most successful catering industry suppliers.
The structure has enabled Mike Fenwick, the wholesale catering butchers firm in Newton Aycliffe, County Durham, to introduce a new business partner and investor, Nick Watson.
This has allowed the business to complete the planned move to larger premises, which it announced at the end of last year.
TBI’s commercial property department has also been involved in securing the lease on the premises, which will enable the operation to grow, and will provide the butchers with an onsite trade counter.
Mr Fenwick said: “The company’s planned expansion into its new premises is now well on track.
“TBI has helped us with the formation of a limited liability partnership structured to accommodate investment and continued growth.”
John Walters, head of corporate law at TBI, which has branches in Wynyard Park, Hartlepool, Stockton, and Barnard Castle, worked with Graham Cornforth, of Haines Watts Chartered Accountants, to finalise the deal, while NEL Fund Managers Limited provided some funding for the project.
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