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25 July 2018

Charles Russell Speechlys advises IN’n’OUT Autocentres on the purchase of Concorde Tyre & Exhaust Centres Ltd

Charles Russell Speechlys LLP has advised IN’n’OUT Autocentres on the acquisition of the business and assets of Concorde Tyre & Exhaust Centres Ltd, one of the UK’s largest independent tyre, exhaust, repair and MOT service centres, through a pre-pack administration process.

The acquisition will complement IN’n’OUT’s existing portfolio of autocentres and following the acquistion the company will run 30 outlets nationwide.

Godric Walker, Chairman of IN’n’OUT Autocentres commented: “We were delighted to work with Charles Russell Speechlys to secure a future for the business and employees of Concorde Tyre & Exhaust Centres. They provided expertise across a number of practice areas and we were grateful for their invaluable specialist advice and commercial awareness in the context of a company entering administration. We greatly appreciated their commitment and dedication to negotiate and complete the deal within an extremely short timeframe”.

Partner, Hanh Nguyen, commented: “We enjoyed the opportunity to work with IN’n’OUT and believe this transaction will allow them to strengthen their existing presence in the vehicle service centres market.”

The Charles Russell Speechlys team was led by Corporate Restructuring & Insolvency Partner Hanh Nguyen and Corporate Partner Andrew Clarke, and comprised Corporate Restructuring and Insolvency Associate Aziz Abdul, Corporate Tax Partner Martin Griffiths, Real Estate Senior Associate Eddie Richards and Employment Legal Director Andy Williams.