Colbornes...motoring ahead

RSM successfully completed the financial due diligence on behalf of Colborne Garages Limited and The Royal Bank of Scotland, securing £3.25m of funding (together with a £585k bridging loan) to support the acquisition of the trade and assets of Hadley Green Garages Limited.

The client

Colborne’s, an established motor dealership group based in Surrey and Hampshire with VW, Audi, Skoda and LCV franchises, acquired the Hadley Green Garages business adding Bentley, Jaguar and Land Rover to the Colborne Group with annual revenues for the year exceeding £200m.

What RSM did

RSM undertook the financial due diligence on Hadley Green Garages using its motor industry knowledge, which assisted the Colborne management team in bringing the acquisition of the Hadley Green business to a successful conclusion.

Testimonial

'A very big thank you to both of you for your support, expertise and guidance… I don’t believe that we would have managed without your support.'

Guy Rowson, Group Operations and Financial Director, Colborne Garages Limited

Transaction team

David McCulloch, Partner

Jerry Hibbs, Director