asb law acts for The Old Kent Barn to complete transfer of assets and refinancing
The Corporate Finance team law has acted for The Old Kent Barn Weddings partnership in the transfer of assets and refinance to facilitate the retirement of two of the partners. We also acted for HSBC on the financing of this transaction.
The Old Kent Barn is a passionate family business and one of the most romantic, licensed, civil wedding venues in Kent. Set within stunning rural gardens in the peaceful countryside of Swingfield, the business offers the very best facilities and a first class personal service. The Old Barn, originally a three bedroom bed and breakfast business, has been transformed into a premier weddings and events venue by Hilary and Roger Simmons and their daughter and son-in-law Claire and Will Weedon.
The Old Kent Barn wedding venue continues to go from strength to strength and this transaction ensures that the reputation and success achieved continues. The financing of the transaction has also allowed the business to develop new plans for growth, which include bringing their own catering offering in-house.
Claire Williams, Partner, led the transaction supported by Daniel Tozer, who coincidently also got married there himself. Claire explained, "The Old Kent Barn is a stunning wedding and events venue. It was fantastic to work with the Partners to see this already successful family business continue its journey to become the best wedding barn in the UK. The transaction has successfully released two partners and set-up new financing to support Claire and Will Weedon's plans to meet the needs of the business going forward."
Claire Weedon commented: "It was a pleasure to work with asb law, HSBC and Kreston Reeves on the transaction. We are pleased with how everything went. I wish my parents every happiness in their retirement and thank them dearly for all their support and for working alongside Will and I with the business to-date. We have great plans for the future, ensuring that The Old Kent Barn team will continue to offer the very best wedding and event facilities and exceptional personal service."
Published: 19 Feb 2016