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West Cumbrian man leads management buyout of robotics firm PAR Systems

West Cumbrian man leads management buyout of robotics firm PAR Systems
A West Cumbrian man has led a management buyout of his firm’s Europe and UK operation.
John McGibbon, managing director of PAR Systems (UK) Limited, has completed the buyout from its American parent company’s UK operations.
Based at Lillyhall, near Workington, PAR Systems (UK) Limited develops cutting-edge robotic systems, nuclear cranes and remote handling systems.
It is hoped the management buyout will allow the UK operation to respond more effectively to opportunities for growth, particularly in the nuclear decommissioning sector, building on existing contracts covering the Dounreay and Sellafield nuclear facilities. ....

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Could this be the right time to sell or exit your business?

THE pandemic has affected businesses in different ways during 2020 and the festive break could provide the opportunity for business owners to reflect on what may have changed forever.
Examples of this change may be: how/where we work and hold business meetings, the nature and frequency of commuting/business travel, real estate requirements (how much space is needed and the location), workforce planning/flexibility/skills, the level of capital expenditure and the criticality of IT as an essential service at the heart of all business management.
Some owners may also consider whether 2021 could be a good time to seek an exit or business sale, having navigated a very challenging 2020. This is going to be an emotional decision, crystallising your equity value now into a certain cash value. It may be driven partly by the assessment of future growth opportunities, your loyalty to customers, suppliers, operating partners and the workforce. ....

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