Location


Contact

Craig Watson
0113 221 6085
craig.watson@sw.co.uk

Business and Assets for Sale

Agents for this sale:

Craig Watson
0113 221 6085
craig.watson@sw.co.uk


Disposal of a North of England Based Manufacturing and Service Based Business
Project Spark
Offers are required by 5pm 12 October 2018



    Project Spark


  • Dow Schofield Watts Business Recovery LLP has been instructed by the directors to assist in the disposal of a manufacturing and service business based in the North of England ("the Companies"). The business currently incorporates three separate legal entities.

  • Due to the financial position of the Companies it is anticipated that a sale of the business and assets will be completed through formal insolvency procedures

  • Background


  • The business designs and manufactures medical equipment to sell throughout the UK. In addition it has a servicing division. The business has extensive experience in the industry and they specialise in anaesthetic vaporisers and anaesthesia machines.

  • Entity 1


    The Company's business and its highlights include:

  • Freehold premises of 35,000 sq m

  • Turnover of £4.8m for the year ended 31 August 2016 and £5.7m for the year ended 31 August 2017

  • Net assets of £2.2m as at 31 August 2017

  • Industry specific Plant and Machinery

  • Entity currently purchases parts and assembles the products for sale

  • Wide customer base

  • 35 employees

  • Entity 2


    The Company's business and its highlights include:

  • Turnover of £3.6m for the year ended 30 June 2018

  • In house design engineers

  • High quality parts manufacturer in line with British Standards

  • 12 trained employees

  • Entity 3


    The Company's business and its highlights include:

  • Turnover of £166k for the year ended 31 August 2017

  • Net assets of £84k at 31 August 2017

  • External servicing completed for anaesthesia machines






Location

Address


Location

Further information available upon request from Sanderson Weatherall LLP or Dow Schofield Watts Business Recovery LLP

Info

Viewing

All interested parties will be required to sign and adhere to a confidentiality agreement.
Contact Craig Watson, tel: 0113 221 6085, craig.watson@sw.co.uk or
Amy Lowden, of Dow Schofield Watts Business Recovery LLP, tel: 0844 776 2740, amy@dswrecovery.com


Link: A-5765182

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