Nottingham business T&R Floor Covering Distributors Limited sold to TradeChoice Carpet & Flooring
Added by Love Business East Midlands | 29 March 2024
Nottingham-based T&R Floor Covering Distributors Limited, one of the UK’s leading floor covering distributors, has been sold to TradeChoice Carpet & Flooring in a deal advised by PKF Smith Cooper.
T&R Floor Covering Distributors Limited is a family-run, independent business situated in the Midlands with over 35 years’ experience in the carpet and flooring industry. The company prides itself on offering “all your flooring needs under one roof” and boasts a two-day turnaround (or faster by request) on delivery.
A member of the Carpetright group, TradeChoice Carpet & Flooring is a major carpet and flooring distributor in the UK with 13 branches across England, Wales and Scotland. The acquisition of T&R Floor Covering Distributors Limited furthers TradeChoice’s growth plans within the Midlands and provides more efficient transport and storage options for the wider company.
David Crump, Corporate Finance Director at PKF Smith Cooper, led the advisory team for T&R Floor Covering Distributors Limited on the deal, while Actons Solicitors provided legal advice.
Malcolm Trott, shareholder and managing director, commenting on the deal, said
“T&R Floor Covering Distributors Limited, a family run business since 1977, sought a successor who shared our unwavering dedication to superior customer service. TradeChoice emerged as the natural choice, renowned for their commitment to excellence. Navigating the intricate process of selling our business was unfamiliar territory, but with the invaluable guidance of David Crump and the PKF Smith Cooper team, alongside Thomas Butcher and the Actons Solicitors team, we successfully sealed the deal. Their expertise was pivotal – without them, this transition wouldn't have been possible.”
David commented:
“We are delighted to have been able to support the shareholders of T&R Floor Covering Distributors Limited in concluding the deal. As a fellow major distributor in the UK carpet and flooring industry, TradeChoice was a great synergistic fit and the ideal candidate for acquiring the company. We wish the shareholders all the best in their future endeavours.”
PKF is home to one of the largest corporate finance houses in the UK, completing c.150 deals annually. As the 5th most active adviser in the Midlands and 7th in the UK, the award-winning dealmaking team specialise in helping entrepreneurs and owner managers achieve their goals through strategic mergers and acquisitions.
Thomas commented:
“It has been a pleasure to assist Malcolm and family on the sale of their family-run business to TradeChoice. Having been in their family for over 40 years, it was of clear importance that they found a buyer who shares a clear vision for the future success of T&R. We wish Malcolm and family, together with TradeChoice, all the very best for the future.”
