Case study
Securing futures by facilitating a third-party purchase
Client
A North West provider of professional staff on permanent and temporary basis with a £1m turnover.
Situation
This was a loss-making business, compounded by the illness of its director who had no appetite to continue trading or attempt to turn it around.
How we supported
We marketed the opportunity to purchase the business to our extensive database of contacts.
This led to a third-party confirming interest in purchase via a pre-packaged administration.
Outcomes
- The buyer offered the director a consultancy role.
- All staff employment was preserved including placement staff which provided continuity for clients.
- The sale maintained continuity to customers, therefore maximising value in the company assets primarily the debtor ledger.
- The incumbent funder was repaid in full as part of the sale.
Feedback Form
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Donec ultricies consequat.
News and insights
Get in touch
with Leonard Curtis
Forward
with purpose
Reach Commercial Finance Limited. Registered in England no 09056450. Leonard Curtis is a trading style of Reach Commercial Finance Limited. Leonard Curtis is a broker not a lender and is independent with access to the whole of market. We may receive commissions that will vary depending on the lender, product or other permissible factors. The nature of any commission model will be confirmed to you before you proceed. Authorised and regulated by the Financial Conduct Authority FCA no. 753686. Registered with the Information Commissioner’s Office reference ZA069234
Leonard Curtis Legal Limited is a limited company, registered in England and Wales with registered number 09820186. Registered office: Riverside House, Irwell Street, Manchester M3 5EN. Leonard Curtis Legal Limited is registered with the Solicitors Regulation Authority with number 626004.