International law firm Trowers & Hamlins has advised the shareholders of Gylly Beach Limited on the sale of Gylly Beach Café to Cyderhouse Co Ltd, part of the Healey's Cyder group.
Wonderfully positioned on Falmouth’s famous Gyllyngvase Beach, overlooked by the imposing Pendennis Castle and central to panoramic views of the Lizard Peninsula and The Helford River, Gylly Café is a unique, stylish and popular eatery, offering both a restaurant and beach bar in one of the most popular holiday destinations in Cornwall.
Healey's Cyder has grown to become one of the largest independent cyder-makers in Cornwall and opened the first Cornish distillery in 300 years and are responsible for creating well-known cyder brands such as Rattler Cyder and traditional Scrumpy Cyder.
The deal completed in just a few weeks from heads of terms with Stuart Mathews, corporate partner leading the Trowers team, comprising lawyers from multiple specialisms including Corporate (Jonathon Holloway and Luke Cummings), Real Estate (Tom Craig and Lucie Allen), Employment (Tom Stephenson). Further professional advice and support was provided from Hannah Collison of Atkins Ferrie Chartered Accountants and Mike Easton of Vickery Holman. Murrell Associates acted on behalf of Cyderhouse Co Ltd.
Stuart Mathews said:
"It was a pleasure to work with the shareholders to secure a successful sale and we are delighted to see Gylly Beach Café embark on a new chapter within the Healey's Cyder Group."
Commenting on the sale, Simon Daw, selling shareholder of Gylly Beach Café, said:
"We had an extremely ambitious timescale for this sale due to the buyers desire to operate the café during the busy August period and undaunted Trowers worked extremely hard to ensure this was achieved. It was a pleasure working with the team throughout this process and they helped achieve a great result for all concerned."
