A BLACKBURN accountancy firm has helped one of the North West's most prominent repair contractors pass into new ownership.

PM+M, based on Greenbank Technology Park, have worked together with Burnley-based RAM Services Ltd, which was first established in 1980 and provides repair and refurbishment services across the region, to sell the business to the firm's own management team from its previous shareholders.

This will see the shareholders retire and exit the business with RAM Services contracts director Paul Howarth, and business development manager James Best taking full control.

Majority shareholder Richard Kayser said: “Selling a business that you have worked so hard to build up is always going to be a big decision.

"The last 40 plus years has been a fantastic journey, and we are happy to know that RAM Services is in great hands under Paul and James’ ownership.”

The deal came about thanks to shareholders like Mr Kayser's collaboration with PM+M's corporate finance team, led by company partner Jim Akrill.

The team worked to supply all of the necessary financial and tax advice, while legal advice was provided by Blackburn-based law firm Farleys.

Mr Akrill said: “We are pleased to have advised the shareholders of RAM on the sale of their business to the management team during such a challenging time.

"RAM is a robust business and is well positioned for future growth.

"We wish the new owners every success.”

The value of the deal has not been disclosed.