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Due Diligence services to Euston Ventures

By Simon Martin
3rd Jul 2023

Ensors Corporate Finance team provided financial due diligence services to Euston Ventures to assist with their successful acquisition of Safespaces (Cornholme) Limited.

Euston Ventures is an investment company that has acquired a range of specialist B2B companies, predominantly in the manufacturing, engineering and industrial products markets. 

Safespaces supplies class one medical devices for users with complex needs. The company is based north of Manchester, UK, and has been operating for over 25 years. It has 35 employees, many of whom are longstanding and loyal to the business. Euston acquired the business from its retiring shareholders.

Euston was attracted to the technical and specialised nature of the business, the criticality of the products it manufactures and the opportunities to grow the business internationally. 

Ensors assisted in the transaction by undertaking financial due diligence based on an agreed scope and providing a report. Ensors’ scope covered various areas of historical and forecast performance and was ultimately relied upon by Shawbrook Bank.

“We were very pleased with the work Simon, Andrew and Ross put into this transaction by ensuring we were given a detailed and insightful understanding of the business which assisted us in our decision to push forward in making our acquisition. We were looking to complete the transaction in a timely manner and the proactive nature and flexibility of the team at Ensors made sure we were on course to carry this out” 

Max Silver – Euston Ventures Limited