Teesside’s leading law firm is well on track to achieving ambitious growth plans it set over a year ago.
At the end of 2017, Endeavour Partnership announced its most successful 12 months in the firm’s 18-year history.
The Stockton-based company is a year ahead of its anticipated growth plans and is already handling twice as many corporate transactions a year than it did three years ago.
With its year-end not due until the end July, the Teesdale firm’s corporate team has already handled well over 60 transactions with a cumulative value of c.£245m, for clients across the UK, but predominantly in the North-East.
And Endeavour remains on track to deliver its five-year business planning objective of doubling its turnover during this period, with overall turnover up to £3.5m.
The firm’s corporate team – headed up by senior partner Nik Tunley – is largest and most experienced on Teesside, and has also enjoyed 20% year-on-year growth for three consecutive years.
“Three years ago the corporate team was probably handling 35 transactions a year, and we’re already up to nearly 70 with a few months still to go,” says Tunley.
“So that shows the level of growth we’ve experienced in recent years, which is down to the team we have and the depth of knowledge and experience we nave within the business.”
One of Endeavour’s many success stories has been its work with Teesside-based businessman Mike Racz, of Hartlepool-based Racz Group.
Racz owns the franchises of several Domino’s Pizza and Costa Coffee outlets as well as restaurants, gyms and social media companies.
“Mike is a fantastic Teesside success story,” says Tunley. “We’ve worked very closely with him as his business has grown over the last 15 years and we’ve handled a number of acquisitions for him.
“Mike, like us, is passionate about Teesside, and it has been brilliant to help him on his journey.”
Endeavour’s corporate team has also recently successfully advised Darlington-based the Feel Good Group, which is behind the well-known Tanning Shop brand, in raising growth capital from Perwyn and HSBC as part of plans to continue its store roll-out strategy.
“That represented a significant transaction for the region and demonstrates the quality of the businesses based here,” says Tunley. “It’s one of the largest operators of its kind in the UK with more than 80 stores located across the country and this growth capital will help the firm fund new stores across the country.
“So the geographical reach of our work is very much national, and although we work principally with Teesside and North-East-based SMEs and entrepreneurs, we also work much wider afield.”
While Endeavour’s team continues to grow – the firm now employs a team of 54, who all live on Teesside – it hopes to create around six new jobs in 2018.
One of its newest and more senior recruits is well-known lawyer and Middlesbrough-born Nigel Williams, who over 25 years has advised many locally-based, privately-owned businesses, as well as national and international clients such as Sembcorp Utilities and PD Ports.
Williams has joined Endeavour as a partner in the corporate department and will be responsible for handling a variety of transactional work, business development and mentoring other members of the team.
Tunley adds: “Nigel’s appointment is a big step forward for us due to his vast experience.
“He will enable us to move to the next level of growth and give us extra capacity to continue to develop the extremely talented younger members of our team, which will mean the volume and quality of transactions we’ll be able to handle will continue to increase.”
• Find out more about Endeavour and its corporate services at endeavour.law
• Pictured, above: Endeavour Partnership’s corporate and commercial team (left to right) Paul Bury, Charlene Watson, Nik Tunley, Sean Jackson, Joanne Seaman, Nigel Williams, Mandy Bowes, Martin McKinnell, Amy Reynolds, James Butler, Jessica Lenham and Adeel Bashir.