Corporate Finance Deal Announcement: Shred Secure
We are delighted to announce the completion of the sale of Milton Keynes-based confidential data destruction company Shred Secure to PHS Datashred. The sale marked the continuation of PHS Datashred’s national expansion, bring to 15 the number of data destruction centres available to service its growing professional services client base. Russell Harris, former managing director of Shred Secure and chairman of the BSIA (British Security Industry Association) Information Destruction Section, has joined PHS Datashred as Head of Communications.
Our corporate finance team, led by Laurence Whitehead and Craig Chamberlain, advised the vendors on the sale. Specialist accounting and tax advice was also provided by colleagues Mike Brown and Colin Brogan. Our team’s track record and experience were paramount as we provided the integrated corporate finance, accounting and tax advice needed by the vendors to enable them to take the deal forward successfully to completion. We are very pleased with the outcome for all parties involved.
About Shred Secure and PHS Datashred
Shred Secure is a £1.2 million turnover data destruction business based in Milton Keynes. The company was founded by Russell Harris in 2002 and has built up a solid client base. It is well-known in the region for offering secure confidential data destruction services.
PHS Datashred is one of the UK's leading providers of on-site and off-site shredding for confidential data destruction, helping companies across the UK to achieve Data Protection Act compliance. The company offers its customers a national service with rapid local response and high levels of security from security-vetted staff, giving peace of mind that all confidential information is handled efficiently and professionally.
If you would like to know more about this deal or how we can assist you, your clients or your contacts who may be looking to sell, send us an online enquiry to arrange an initial no-obligation meeting.