A law firm has helped push through a major new deal for one of Port of Sunderland’s fastest growing companies.
DLAW Contractors based at the Port of Sunderland, has been so successful that it has had to move twice in the past year, to cope with the demand for its geothermal heating and cooling systems used by the agricultural and energy sectors.
And DLAW’s managing director, Dale Barry, has praised Sunderland-based Richard Reed solicitors for their role in securing the complex move.
Dale said Richard Reed’s ability to deal with the complex issues around the move plus a change in the shareholders had eased the process.
He said: “I had used Richard Reed briefly in the past for small business matters but when we started DLAW Contractors we were adamant we wanted a local, professional firm that we could rely on.
“We decided to go with them as they came highly recommended and the service to date has been second to none.
“We got expert advice based on their sector knowledge which is always concise, to the point and in a language we can understand. They are now our appointed company solicitor for all matters relating to the business.”
Richard Reed director and solicitor, Phil Moir and solicitor Ian Cowan were both involved in the DLAW Contractors’ deal and added their individual areas of expertise to advise the Port of Sunderland-based company.
Phil Moir worked with the company to put in place a shareholders’ agreement, along with giving advice on the buy out of another shareholder.
He said: “We worked very closely together and I advised on the purchase of the shares from one of the original shareholders and we’re delighted it has been a satisfactory outcome for all concerned.”
Solicitor Ian Cowan has been advising DLAW on its new commercial property lease, with the company moving to a larger site in the Port of Sunderland to accommodate the increased demand for its products.
He deals with commercial property and agricultural law and is still involved in the final aspects of the lease.
Ian added: “We are now working towards just finalising the last details of the lease on the new premises.
“And we look forward to continuing to represent DLAW Construction as it continues to grow.”