Claire helped us through the process and led everyone through the completion meeting with great professionalism. I appreciate that for things to run smoothly there is a lot of hard work in the background.
John Paterson, Operations Director
Larosco Limited
During the spin-out process from the University and period immediately following both Sandy and Catriona Brown provided invaluable guidance and supported not only the successful transactional elements but ensured the advice given was practical and tailored to our specific situation. I would strongly recommend MBM for any emerging business.
Brian Butchart
CEO Sirakoss Limited
MBM have a practical and common sense approach to investment. Stuart Hendry and Catriona Brown quickly got me up to speed with the salient points in the investment minefield. They allayed my concerns and brought focus to all meetings. All options were presented, then my requirements were distilled and an effective negotiating strategy proposed. Their experience enables them to pre-empt common issues saving time and money.
Brian O'Reilly
CEO and Founder TreeGreen Limited
“We’re absolutely delighted to add SNO!zone Braehead to our group. Having proven the huge demand for adventure and high quality family activities, we have been seeking expansion for some time and the Xscape Braehead site is perfect. It’s an iconic destination. We are excited about the prospect of embedding all we’ve learned from the mountains and ski-industry to a facility right in the central belt. Our model is predicated on attracting people who’ve never tried winter sports before, and making it really easy for them to ‘simply have a go’. With this acquisition, we have an unrivalled range of Adventure Sports, all under one banner allied with a strong commercial pedigree focussed on delivering outstanding customer experiences.
We have other sites in various stages of negotiation, particularly Inverness and Burlington Vermont USA, which we hope to advance imminently.
I would also like to thank our legal team at MBM Commercial. Stuart Hendry and his colleagues stepped up to the mark and burned the midnight oil repeatedly in the final stages of the deal to make sure that we could close the deal in a very short timescale. There were multiple parties involved and MBM Commercial did a great job as project managers, where they provided sensible commercial advice at the right times and helped find solutions when we needed them. They are a first choice for any entrepreneur who wants to build a serious growth company."
Jamies Smith, Founder & Managing Director
Ice Factor
"The team at MBM Commercial responds to the needs of an agile hi-tech startup company. Stuart Malcolm created a brilliant set of software licensing documents for us, and Kenny Mumford steered us through a complex international investment transaction. Unlike the big-name legal firms our company used before, MBM Commercial swiftly solves problems with a minimum of fuss. I strongly recommend them."
Oege de Moor, CEO (also Professor, University of Oxford)
Semmle Ltd
"Stuart Hendry and the team at MBM Commercial did a great job advising The One Place Capital Ltd on the successful MBO deal of its miiCard division. They helped keep the deal on track and on time despite there being lots of agreements, competing interests and five sets of legal advisers involved! They were also cost effective and provided very reasonable fixed fee quotes from the outset which they stuck to. We look forward to working with MBM Commercial as The One Place Capital Ltd now focuses on its Money Dashboard business division."
Andy Laing, CFO
The One Place Capital Ltd
"We were looking for a commercial lawyer to help us put together the legal framework and agreement for a management buy-out. The first lawyer recommended to us failed spectacularly to deliver. Thankfully we were then put in touch with Stuart Hendry of MBM who was able to act for our board, which included both buyers and sellers. Stuart helped to skilfully and diplomatically negotiate an agreed path to the sale, maintaining the trust and confidence of all parties. Near to the end of the deal it was necessary to accelerate the proceedings at very short notice, and Stuart rose to the challenge, pulling out all the stops to make this happen. The deal was concluded ahead of the agreed deadlines, and on budget".
Ronny Lardner
The Keil Centre Limited
“MBM Commercial worked hard and fast on a short timetable, closing a complex deal acting for Lumison shareholders as one amongst 10 different law firms, let alone the corporate financiers, accountants, and some clients somewhere in the mix. We were delighted after Sandy and the team managed to keep us going, eventually crossing the line after a 36 hour deal marathon!"
Aydin Kurt-Elli
CEO of Lumison
"Choosing Stuart and MBM Commercial was one of the best choices we made as a start-up. Stuart has just helped us to spin out of a university and land our seed-fund deal. He gave us invaluable advice and insight throughout the process, deftly juggling multiple angel investors and lawyers and delivering on time, and on price. In addition to his expertise, he has a tremendous network and can introduce you to the right people. I look forward to our continuing relationship!"
Jamie Graves
Co-founder and Director of Inquisitive Systems Ltd
"A couple of the reasons that I liked working with Stuart and MBM...
Firstly, I liked the tailored/bespoke legal help I got from MBM and the way it grew along with my business. At the start, when money was tight, I could call Stuart up and get a fixed cost for a particular service (such as an NDA or license agreement). Some of the other companies that I approached would try to sell me the whole belt and braces from the start.
Secondly, when we were acquired by Citrix Inc., I thought that Stuart, Sandy and the MBM team did a really great job at navigating us through the transaction. I felt that in particular, Stuart helped us with the IP compexities that are so prevalent in deals involving software companies - and that Stuart had a lot of experience in this area."
Ben Younger
Thin Genius
"I would like to send a great vote of thanks to Sandy and his team for driving what seemed to be a tough closing (in my limited experience) and putting in the hours when they were needed. Reflecting, this was the culmination of a thirteen year project in which Sandy was involved personally from the start, helping to raise the funds. Over the years MBM have continued to provide excellent service and well timed appropriate advice."
John Thomson
Director of CityIS
"I have worked with MBM closely for a number of years, during which time they have provided me with invaluable advice and exemplary levels of service in any number of transactions, including high value cross-boarder business sales, international commercial contracts and early stage investment. I've dealt with a number of the corporate team at MBM and I value their consistently pragmatic approach which has helped me achieve my own business goals. In a competitive market I have seen them punch above their weight in transactions time after time and this has given me the confidence to put numerous other businesses in their capable hands."
Jim Reid
ChimaeraBio
"For many years now I have been exposed as a director to MBM's expertise in all matters concerning contractual and legal assistance. Recently I worked with MBM when starting up my new International Unified Communication Service company and MBM's understanding of the needs of a new business were extensive and they were able to guide our company through the maze of legislation in starting up a new business. Their assistance has been invaluable and I would recommend them to anyone, as the company supply's excellent value for money services. I will hopefully be using them in the coming years as I develop my business in other countries and other technology se rvice sectors."
Colin N Clark
VC Techs
"As MBM Commercial had been my legal advisors on all matters commercial as well as providing any personal legal support required, it was a natural move to ask them to represent myself and the sellers in the sale of McKinnon & Clarke. Sandy Finlayson and I had had a number of dealings over the years and I found that I could trust his judgement – and this would be a key requirement in the months to come, if we were to arrive at 'Completion'. The complexity of the deal slowly became apparent to me as matters progressed: The Group operated on the ground in 14 countries primarily in Europe and Asia. Both Legal and Financial Due Diligence would be heavily affected by this fact.
- There were many shareholders of different types; Ordinary Shareholders, Employee Shareholders, Option holders, as well as an ESOT scheme driving the issue of shares to any staff member on the basis of preset performance thresholds.
- Having reached the stage where we had selected a preferred buyer, it was DD time! Thankfully, Sandy had much earlier briefed us on the requirements for an electronic dataroom and that had been underway for some time already. Pressure was applied to bring all the data up to date and both permit and control access.
- Throughout the process, I continued to reside in Thailand, and in reality, only returned to attend the final discussions and complete the transaction. That is where the trust that had been developed really paid off with Sandy Finlayson heading up his team and pumping requests both to my staff in the UK and to myself. This all helped to keep us within – or close to – the agreed timeframe.
- At completion, Sandy's team performed excellently in dealing with the myriad of issues that arose throughout the day, evening and through to the early morning. His calming effect on myself was also of extreme importance and on more than one occasion, he helped to keep the whole process on track – when it could easily have been derailed. A derailed deal is of no value at all to any of the participants, Sellers, Buyers, Bankers, or Advisors."
Sandy McKinnon
"I have had the pleasure of working with MBM Commercial since the early nineties, when Sandy Finlayson kindly acted as my business mentor. Since then he has acted for the businesses I have been involved with as well as being a great supporter of Business Forum Scotland. This close working relationship with Sandy has now also extended to the wider MBM Commercial team, all of whom share Sandy's "can do" approach to business. MBM Commercial's ability to get jobs done on time and on budget is unfailing. The fact that at short notice, you "go the extra mile" and willingly work on documents into the evening to help facilitate tight deadlines on commercial completions underlines the fact that you are in tune with you clients' needs and offer a real difference in the marketplace. On the most recent piece of work, which involved a licensing deal in Japan and international commercial contracts, I would just like say how grateful I was for Stuart Hendry's support and his grasp of the international legal issues. You took no chances and I knew I had the best lawyer on my side!"
Eamonn Doyle
Bloxx Ltd
"I just wanted to send a quick note of appreciation for the services rendered by MBM to date. You have consistently gone far beyond what I would expect from my corporate lawyer. In fact, working with MBM has not only given us confidence in the legal advice we are receiving but has also given us what feels like another member of the team with a genuine desire to see us succeed."
Alex McAndrew
Spinsight Ltd
"I have enjoyed a strong working relationship with the corporate team at MBM Commercial for several years. In more recent times they have structured 3 rounds of investment in Money Dashboard. They have helped through the several ups and downs on the entrepreneurial journey. So why do I like working with these guys? It's three things really.
They share the entrepreneurial 'can do' spirit of their clients and so are fun to work with;
- They deliver the goods – on time and on budget;
- Their transaction judgement is sound and entirely practical.
- The team has years of intensive SME deal making and knows which battles to fight and when to concede a point in complex, often multi-party negotiations and ensure that the deal gets through intact."
Gavin Littlejohn
Money Dashboard Ltd
"In starting any new venture it's incredibly important to build the best team to help the company grow. For me, this started with asking "those in the know" as to the best law firm in Edinburgh for helping early stage companies. Invariably the advice was to call Sandy and Stuart at MBM Commercial. From the beginning Stuart and his team have not only been instrumental in providing the right advice at the right time, but have also proven to be a commercial advantage in negotiations. More importantly, for me and the team at Spark Energy, they have instilled absolute confidence at every stage allowing us to focus on growth. In a very short period of time, MBM Commercial has structured and advised us through a fund raising, a joint venture and the acquisition of two companies. With another funding round and further contract negotiations beginning shortly I sleep well knowing they're part of our team."
PJ Darling
Spark Energy
"I worked closely with the corporate team at MBM Commercial for a number of years in my capacity as chief executive of Archangels. In particular, Stuart Hendry and I worked together on many investments in early stage companies and I enjoyed a remarkably high level of service and input from him and his team into all of our transactions."
Peter Shakeshaft
Archangel Informal Investment Ltd
"When we started the business we had a product, some interested prospects, suppliers lined up, no money and a lot of enthusiasm. In other words we had nothing tangible. MBM Commercial introduced us to financiers, investors, got our contracts in place with both suppliers and customers and ensured the company had a solid basis going forward. From this base we could launch and become the fastest growing IT business in Scotland. Without MBM Commercial we would have made mistakes which would have restricted this growth. So, in a nutshell, they enabled it to happen. And they were very calm about it."
The Joint Managing Director
Data Discoveries
"A short note to thank you for all your good work in leading me through the MBO/Disposal process. I certainly don't think we could have got it to a favourable conclusion without your expertise and patience. I would have no hesitation in recommending you and your team at MBM Commercial LLP to any business owner about to embark on the same process. Very best wishes and I'll think of you often as I'm spending the cash!"
Peter Quinn
Capito Limited
"MBM Commercial act as our company lawyers and to date have been 1st rate, they assisted us in a recent Joint venture and business purchase as well as ongoing legal advice. They really have a grip on Technology Companies!!"
Bill Smart
Catalise UK Ltd / Smartycars.com Ltd
"Property Log Book started working with MBM when starting up as a new business. Their focus and understanding of the needs of a new business were very good and were able to guide us through the maze of starting up a new business, raising funding and dealing with new and large contracts."
Stuart Young
Property Log Book Company Ltd
"The team at MBM Commercial has added real value to Lab901 by helping the Company through the various stages of growth from start-up to funding to distribution deals."
Joel Fearnley
Lab901 Ltd
"Since the very outset the team at MBM Commercial LLP has provided sound and sensible legal advice to Pyreos Ltd on a variety of matters including the initial set-up phase, its subsequent investment transactions and various contractual and corporate structure matters. I would be happy to recommend MBM Commercial as legal advisers to anyone wanting to take a technology business to market."
Jeff Wright
Pyreos Ltd
"MBM have been instrumental in advising, informing and supporting us in a number of spin-out activities. They have been particularly adept and professional in navigating us through the challenges and difficulties in dealing with academic technology transfer issues."
Professor Peter Ghazal
Division of Pathway Medicine
"We have worked with MBM since the launch of Ambergreen in 2001. They have always made an effort to understand our needs as a growing business and to ensure that they provide us with good, sensible, and commercial legal advice when needed. They have responded quickly to our requests even when we have not been able to give them much warning and have helped us across many key legal areas from investment, acquisition, employees and contracts."
Tino Nombro
Ambergreen Internet Marketing Ltd
"Agenor have engaged with (Stuart Hendry) MBM Commercial from the start of our commercial journey in 2006 and they have provided us with very astute advice from the outset. Their initial recommendations to us in laying solid corporate foundations have already proved beneficial. MBM listen to us and have a genuine interest in our business. Their pro-active advice coupled with an approachable and understanding manner ensure that doing business with MBM is like having them as part of your team."
Andy Smith
Agenor Professional Services Ltd / Agenor Technology Ltd
“We chose MBM Commercial, quite simply because they offer such great value for money. Over the past five years we have experienced a very high level of service with sensible pragmatic advice. Particular thanks are also due to Stuart Hendry and his team for guiding the company through the intricate issues of securing the investment from venture capitalist firms and for providing a high level of service in a prompt and cost effective manner."
Douglas Brown
Star Net Geomatics Ltd