The company has recently moved in to a 20,000sq ft design and manufacturing site and has upgraded some of its plant and machinery, including a brand new, multi-purpose spray booth, to enable it to fulfil a current order book of circa £5,000,000.
However, due to a recent upheaval in the top tier of management, difficulties encountered in the move which put production 4 months behind schedule and other business critical issues, the company is suffering from significant cashflow problems and requires an immediate injection of funds together with long-term investment otherwise it will be forced to cease trading in the very near future.
The business employs approximately 20 staff including a full in-house design and costings team. As well as the current order book, the company is awaiting an additional £1.5m of orders to be received in the next 2 months.
PLEASE NOTE THAT A SALE OF THE BUSINESS OR THE ASSETS & GOODWILL INDIVIDUALLY MUST BE CONCLUDED BY NO LATER THAN CLOSE OF BUSINESS ON WEDNESDAY 5 OCTOBER 2016 AND THEREFORE ONLY PARTIES THAT ARE ABLE TO WORK WITHIN THIS TIME FRAME SHOULD RESPOND. WILLIAMS AND PARTNERS LTD RESERVE THE RIGHT TO CLOSE THE BIDDING EARLY WITHOUT LIABILITY.
PREFERENCE WILL BE GIVEN TO COMPANIES CURRENTLY WITHIN A SIMILAR MARKET AS WE WOULD CONSIDER KNOWLEDGE OF THE INDUSTRY IS ESSENTIAL TO THE FUTURE SUCCESS OF THE BUSINESS.
Due to the confidential nature of this sale, interested parties will be invited to sign a non-disclosure agreement before further details can be released.
If you are interested in finding out more about the above opportunity, please contact Antony Berg of Williams and Partners Ltd, Valuation and Insolvency Agents on 020 3915 1407 or 078 0303 4554 or write to me at firstname.lastname@example.org.
Williams and Partners Ltd are instructed in this matter by the proposed Administrator who on appointment will be acting as agent of the Company and without personal liability.
South East based within easy access of major motorways.
Is this business relocatable: Yes
Is this business in receivership: Yes
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