Articles

Banner Jones help X-Cel Superturn acquire Colson Industries in £1.75m deal. Sheffield-based X-Cel Superturn (GB) Ltd, which manufactures precision engineered components for the oil and gas sector, has acquired fellow Yorkshire business Colson Industries in a £1.75 million deal. X-Cel Superturn was founded in 1984 by current Managing Director Andrew Taylor as Sheffield Superturn to manufacture small to medium CNC machined parts. The company has expanded through a combination of organic growth and acquisition and this year expects to grow turnover from £24 million to £30 million, independent of the Colson acquisition. It employs 130 people across its sites in Sheffield, Rotherham and Batley. X-Cel Superturn plans to quadruple sales at Colson Industries, from £2.5 million to £10 million over the next two years, adding 25 employees over the period to bring staff numbers up to 65. Colson Industries will now act as a 100% subsidiary of X-Cel Superturn.

Raymond Rabbit has been travelling around local businesses gathering Easter Eggs and this week he's joined us at Banner Jones. He's settled in nicely and is already hard at work!

The Banner Jones team proudly accepted the award for 'Excellence in Professional Services' last night at the Derbyshire Times Business Awards.

Chesterfield and Sheffield based solicitors Banner Jones have recently received recognition for their expertise in Family Law by becoming a leading firm in the 2013 Legal 500 rankings.

Although strong consumer protection law exists with regard to retail sales and sales which have long-term implications (mainly insurance contracts and ‘doorstep’ sales), in business, when a product doesn’t come up to expectations, your right of redress usually depends on what your contract says. A recent agricultural case illustrates the importance of reading and understanding the contract terms in full. A group of four farmers sued the supplier of semen from a bull known as ‘Tamhorn Rocket’ when the expected number of calvings did not occur. Buried in the small print of the contract was a clause that absolved the supplier in these circumstances. Two of the farmers had not seen the contract. The other two had and were regular customers of the supplier. The two farmers who had seen the contract were ruled to have accepted it on the basis of their course of dealing with the supplier. They were ordered to pay £50,000 each towards the supplier’s legal fees. The other two farmers won their claims and were awarded almost £71,000 in damages and 80 per cent of their legal costs. For advice on any contractual matter, contact Trevor Hughes on 01246 560 560

Banner Jones were asked to bid in a prestigous auction on behalf of clients last week. The Grade II listed property, where the late Lady Winifred Hilton, widow of Lord Lieutenant of Derbyshire Sir Peter Hilton, lived, went under the hammer with a £1m guide price and sold at £2,425,000. Stephen Gordon from Banner Jones says 'This is the largest property transaction we have completed in a long time and my client is delighted to have bought Alton Manor as their new family home' The auction itself was held in the grounds of this stunning property and attracted interest from far and wide. The estate’s complete furniture, decoration and effects raised another £330,000 in a separate sale with a smaller amount of items from elsewhere.