Leyland Capital Limited has advised the shareholders of Project Utah, by preparing an Indicative Valuation Report for the company, to assist the shareholders with a potential restructuring of the Group.
The potential restructuring includes the incentivisation of the management team and the second tier of management through an Enterprise Management Incentive (EMI) scheme. As this piece of work was in relation to a potential shareholder re-organisation, the details of the company and the report remain undisclosed.
Project Utah is a successful group of pubs, restaurants and accommodation across the UK.
Rewarding the people who have helped build the business was important to us, and the EMI scheme gives our management team a real stake in the Group’s future. Leyland Capital’s Indicative Valuation Report gave us a clear and robust basis for the restructuring, and Christian worked closely with our tax advisor throughout to keep the process straightforward.
It was a pleasure to support the shareholders of Project Utah on their potential restructuring, which extends our experience of working with clients in the hospitality industry. Incentivising management and the second tier through an EMI scheme is a great way to retain and reward talent, and to align the team behind the next stage of growth. We look forward to continuing to support the Group in the future on a wide range of growth opportunities, including buy-side acquisition support as they continue to grow their number of locations, geographical strategy and brands within the Group.
Christian Hitchen, Managing Director of Leyland Capital, provided the Indicative Valuation Report, alongside Tom Larkin of Jackson Stephens, who acted as tax advisor.
