'Great Yorkshire business' Crofter's Foods becomes owned by its staff

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A North Yorkshire wholesaler distributor has become owned by its employees.

Crofter’s Foods Ltd, which is based in Thirsk, has become the latest company to transfer its entire shareholding to an Employee Ownership Trust . More than 10 staff have become part-owners of the artisan food and drink business. Founded in 2005 by Grahame and Jane Armitage, the specialist company works with small local suppliers to distribute chilled, frozen and ambient products wholesale throughout Yorkshire and the North East.

” Top 10 UK accountancy Azets in Yorkshire provided deal and tax advisory services on the deal. The team comprised corporate finance partner Tariq Javaid, tax senior manager Karen Sadler, and corporate finance executive Patrick Cree. Stephen Newman and Meryem Akcicek-Bayston at Yorkshire law firm Ramsdens Solicitors provided legal advice. Azets corporate finance partner Tariq Javaid said: “Crofter’s is a great Yorkshire business, promoting and selling great Yorkshire produce.

 

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