BUSINESS AND ASSETS SOLD – Precision Engineering Company

The proposed Joint Administrators are seeking parties interested in the business, assets and goodwill of a Company that trades as High Precision Engineering sub-contractors

Key Features

•	Fixed Asset Register Net Depreciated BV £ 990,600. (Nov 2021 Unaudited abridged accounts). Additions £ 496,000 2020/21
•	Equipped with recent CNC additional machinery, Tooling and the most up to date technology and state of the art machinery in precision engineering.
•	Trades from leasehold premises in the North West £50101.2 PA + VAT inc Ins
•	2 Units 5000sq ft with 150Kva and 2250sq ft with 64Kva supplies. £50101.20/year + VAT Combined rent including maintenance and buildings insurance
•	Integral to supply chain. Production, quality control and preferred producer to eventual delivery is streamlined and inseparable.
•	The Company has more recently started to design and manufacture for more specialist businesses
•	ISO 9001:2015
•	• Order Book and WIP is currently at approximately £42,000 and with blanket orders £199,000

Opportunity

•	3 employees in an expert team drawing upon a wealth of over 100 years of combined engineering experience.
•	Very well established with approaching 40 years sector experience. Incorporated 1988.
•	Very well established with approaching 40 years sector experience. Incorporated 1988.
•	Current turnover £ 961,511 2021 and £620,118 2020 per annum

Offers

•	Expressions of interest are required by 12:00 noon on 6TH July 2022 with a view to completion shortly thereafter
•	All interested parties will be required to sign a non-disclosure agreement
•	We reserve the right to close the bidding early or extend the deadline, without liability or advance notice. Proof of funding is required in due course
•	The machinery in NOT available in isolation of a sale of the business at the current time

Contact Details

Steve Jordan

Cerberus Group

steven.jordan@cerberus-group.com