BUSINESS AND ASSETS SOLD – MANUFACTURER OF COMPOSITE MATERIAL GOODS

Leonard Curtis, as proposed Administrators, are seeking parties interested in the business and assets of a Company that trades as a manufacturer of recycled composite material goods, specialising in scaffolding and noise barriers.

Key Features

•	Unique, independent streetwear brand based in South Wales
•	In-house print and production
•	A range of over 1000 products and accessories including own brand and licensed designs
•	Established brand and customer following, distributing internationally
•	Turnover: 2021 - £2.61m / 2020 - £2.08m.
•	Gross & net profit: 2021 – £1.99m, £38k / 2020 – £1,42m, £193k.
•	Operates from leasehold premises in South Wales
•	Based in Wales
•	Trades from premises operated by a connected company
•	Turnover of c£450k in last 6 months of trading, significantly reduced compared to previous years
•	24 staff

Opportunity

•	Assets available for sale include:
•	Established brand
•	Goodwill
•	Website
•	Equipment
•	Stock
•	Property lease not available
•	Plant & Machinery;
•	Office Equipment;
•	Work in Progress / Order Book; and
•	Stock.
•	It should be noted that main Plant & Machinery utilised for trading is held by connected company.
•	Goodwill / intellectual property

Offers

•	Offers are required by 12noon on 20 June 2023 with a view to completion shortly thereafter
•	All interested parties will be required to sign a non-disclosure agreement
•	Proof of funding required
•	All interested parties will be required to sign a non-disclosure agreement.
•	Indicative offers are required by 12:00 noon on Friday 3 November with a non-disclosure agreement

Contact Details

Harry Knowles

Leonard Curtis

Riverside House

Irwell Street

Manchester

M3 5EN

0161 831 9999

harry.knowles@leonardcurtis.co.uk