Tim Gray, TCL Transport Engineers: Tim established TCL – a Yorkshire-based manufacturer, repair and rental business for stainless steel road tankers – in 1992. With his partner he built the company into a multi-million turnover business, and the market leader for the rental of waste chemical tankers in the UK.
Advised by BCMS, TCL received multiple offers – but even in a close-knit industry, his eventual acquirer was unknown to him. In this client testimonial, he explains his decision to sell, the challenges of selling a business, and offers business sale advice and tips for those considering a company sale.
When it comes to business valuation, Tim is clear on the benefits of looking far and wide: “If nothing else, we knew going through the BCMS sales process would give us a true value of what the business is worth.”