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22 January 2020
Target Professional Services prepares for continued growth
Founded in 1988, Target Professional Services (UK) Limited (“Target”) are market leading global tracing and data verification specialists based in Selsey, West Sussex. Lisa Lyon, Managing Director and owner since 2001, has led Target’s continued growth for almost two decades, building an outstanding reputation with pension schemes, financial service companies and government authorities for their domestic and international tracing and verification requirements.
Target has an ambitious sales and business development strategy to increase market coverage and their international client base, so in preparation for this the company engaged Meridian Corporate Finance to structure a transaction that widened the shareholding, incentivising the incumbent management team and attracting new Directors and skillsets to the Board. The former sole owner, Lisa Lyon, remains a committed, significant shareholder and Director of the business, however she is now joined by the existing experienced management team with a broad range of competencies and shared values. As a result, the company is now perfectly placed to deliver its growth plans, as it looks to expand its client base and enter new geographies. The restructuring has been self-funded by the management team to ensure they deliver the company strategy.
Lisa Lyon, Managing Director, commented:
“Target has consistently grown over recent years to become the leading pension tracing firm in the UK, many firms aspire to follow. The company has determined growth aspirations and this restructuring enables us to look at new strategies and ensure Target continues to provide the best service to clients now and in the future. We all look forward to continuing to work with our partners and clients over the coming years and continuing to provide a market leading offering in tracing and data verification.”