One half of GLP Taylors sold to management team
In the first of a two-stage divestment process, Leeds-based conglomerate LNT Group has sold its business valuations company, Taylors Business Surveyors and Valuers Ltd (TBS&V) – one half of business GLP Taylors – to its management team made up of Rob Bowyer, David Hayton, Andy Lait and Chris Mitchell. LNT Group Chairman Lawrence Tomlinson, decided that there was a potential conflict of interest within the group, following its re-entry into care home operation with Ideal Care Homes. The new operator is experiencing rapid growth due to a £67m funding package which will see it have over 650 beds in operation by June 2010.
Lawrence Tomlinson said of the sale: ‘I am delighted that the TBS&V management team will continue to run the business as an independent valuations practice and I have no doubt the company will retain its excellent reputation within the sector. The LNT Group will continue to develop and grow its core businesses.’
TBS&V Ltd will continue to trade from i