Success on York Science Park
You are: Home > Success Stories > Success on York Science Park > Andrew Jackson Solicitors LLP advise H&R healthcare on acquisition of pretty legs holdings
Andrew Jackson Solicitors LLP advise H&R healthcare on acquisition of pretty legs holdings

Regional law firm Andrew Jackson Solicitors LLP is delighted to announce that it has advised Hull-based H&R Healthcare, a leading UK distributor of medical products, on its acquisition of the Pretty Legs Holdings group of companies, which includes a leading UK manufacturer of medical and consumer hosiery, for an undisclosed sum.

Centre:
Innovation Centre

The story so far:

Regional law firm Andrew Jackson Solicitors LLP is delighted to announce that it has advised Hull-based H&R Healthcare, a leading UK distributor of medical products, on its acquisition of the Pretty Legs Holdings group of companies, which includes a leading UK manufacturer of medical and consumer hosiery, for an undisclosed sum.

Azher Quyoom, a partner in the York office of Andrew Jackson specialising in restructuring and insolvency matters, together with corporate associate Daniel Hammond, led a 10-strong multi-disciplinary team, which advised H&R Healthcare on the acquisition following a complex restructuring programme that avoided an imminent risk of administration of the group.

We felt that if we were able to avoid administration there would be a softer impact on the NHS supply chain - the Medalin subsidiary, for example, is the UK's leading manufacturer of prosthetic socks - and therefore less chance of business disruption than would inevitably be the case with an administration. We proposed a voluntary arrangement to restructure the core business of the group, which, once agreed with key stakeholders, would avoid administration for all three companies, maintain business continuity for customers and help to safeguard 70 UK-based manufacturing jobs. The restructuring and subsequent acquisition would not have been possible without the collaborative efforts of key stakeholders, including HSBC, which provided support to the group whilst the restructuring programme was implemented.
Azher Quyoom - Partner
Space for your business
Why York Science Park?
Your conference or meeting
Events at York Science Park