Nottingham business 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.
Our client
T&R Floor Covering Distributors Limited was a family-run, independent business situated in the Midlands with over 35 years’ experience in the carpet and flooring industry. The company prided itself on offering “all your flooring needs under one roof” and boasted a two-day turnaround (or faster by request) on delivery.
How we helped
David Crump, Corporate Finance Director at PKF Smith Cooper, led the advisory team on the deal.
What our client had to say
Malcolm Trott, shareholder and managing director, 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.”
Malcolm Trott, managing director
The result
T&R Floor Covering Distributors Limited was sold to TradeChoice, with the deal furthering the latter’s growth plans within the Midlands and providing more efficient transport and storage options for the wider company.
David Crump said: “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.”
Need help buying or selling a business?
In 2023, our Corporate Finance division helped clients across the Midlands secure 22 deals worth a combined £276.7m. With global reach and regional knowledge, we offer industry-leading advisory services for businesses in a wide range of sectors. Our experienced dealmakers and transactional tax experts know how to get the best possible outcomes for every client.
If you are thinking about buying or selling a business, now or in the future, get in touch with us today.
