The corporate team from Cheltenham-based BPE Solicitors have acted for a new management team in their acquisition of the trade and assets of Bath based Regency Laundry.
Originally called Bath Steam Laundry, it was established in 1879 and is one of Bath’s most well-known and respected family-run laundry companies. It is also one of the country’s oldest commercial laundry operations.
Regency Laundry operates from two principal sites in Bath. Its commercial laundry branch operates on a national level, whereas its dry cleaning branch operates more on a regional basis. The acquiring management team has a wealth of experience in commercial laundries which has been gained from owning and running similar businesses over many years. They aim to modernise the business practices of Regency in order to meet the challenges of operating in a highly competitive sector, as well as aiming to expand the business into new regions and markets.
The acquisition, headed by BPE Partner, Dale Williams, also included a deal to lease Regency’s principal operating property from the previous owners for a five-year period after which they will relocate the business to a new, modern premises.
Dale said “We are delighted to work with team at Regency Laundry; it’s always a pleasure to see an old established business being given a new lease of life.
Stuart Calder part of the new management team said “Dale and the team at BPE supported us extremely well through this challenging period. In particular we were extremely impressed with the speediness of communication, a shared sense of urgency and a “one team” approach”.