Project Moda - fashion retailer

We worked with the owners of the company to establish an Employee Ownership Trust which was to be implemented immediately after a group restructuring exercise which was separately underway.

For Project Moda, we undertook a valuation of the fashion retailers, analysing historic trading performance, current trading and projections. In reviewing past transactions in this sector we were careful not to focus on distressed sale deals which were not representative of the marketplace as a whole.

Following a presentation of our valuation findings to the company, we worked with them to ensure that the valuation was affordable for the business, taking into consideration other financial commitments and intended use of profits. Once a suitable structure was agreed, we liaised with other advisors on Project Moda to finalise the details of the transaction. We submitted a clearance application to HMRC for the EOT which was granted without further enquiry.