Richard Skelson

Richard Skelson

Managing Director (RJ Lift Services)


Former RAF contracting engineering. Richard left to join the family business. In his 8 years since joining he helped develop lift maintenance company, RJ Lift Services, from £2m turnover to over £15m and in the process increasing EBITDA to over £4m.


To build a national lift services group capable of challenging the global blue chip manufacturers and taking increased market share. The business has been prolific in its organic growth from a centralised middle-back office and now has the right to win contracts from major private and public customers.

Transaction type

Advisory MBO – Management Buy-Out

Advisory Exit – Employee Ownership Trust


Initially a target for a previous Independence client, the family chose not to sell to private equity but instead wanted to work with Independence to help the business navigate succession and scale.

Assisted design and delivery of an MBO; passing control down to the son.

Assisted management with growth plan including appraising accretive M&A as a growth strategy to complement organic

Advised shareholders on value realisation options and designed and built an Employee Ownership Trust structure to deliver continuity/equity benefit to the workforce whilst also delivering a significant tax free return on investment for shareholders

How did IC help?

  • Research

  • Shareholder options appraisal

  • Negotiation with stakeholders

  • Group reorganisation advice

  • Transaction design and structuring

  • Fundraising – senior debt

  • Post-deal board support

  • Stakeholder management of funders

  • Succession planning

  • Rolling acquisition targeting/planning


“Independence have proven to be a great partner for our business and we really value their expertise. They have not only worked hard to learn about our business and support our needs, they have shared guidance on strategies which have collectively brought great value to the company, family and the team remaining within the business”

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