GBS (South East) Acquired by Gasway Services Limited

Castle Corporate Finance - Our window on the world.

Castle are pleased to announce the completion of the sale of GBS (South East) to Gasway Services Limited for an undisclosed sum.

Castle acted for the owners (John and Kate Scales) of the Beckenham based commercial heating maintenance business to the long established family business, Gasway of Norwich.

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23rd February 2015

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What is NOT a qualifying trade?
A company can be assumed to undertake a qualifying trade, unless it is involved in a non-qualifying trade. Examples of non-qualifying trades are:
  • dealing in land, shares or financial instruments;
  • providing finance or insurance;
  • leasing or receiving royalties or licence fees;
  • legal or accountancy services;
  • certain property-based trades such as property development, farming, market gardening, hotel management and operating or managing nursing homes or residential care homes;
  • the generation or export of electricity or the generation of heat or any other form of energy; producing gas or fuel.
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