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All jobs saved after sale of Leicestershire label manufacturer
A total of 74 jobs have been saved in Leicestershire after Leonard Curtis stepped in to manage the successful sale of label manufacturer Hamilton Adhesive Labels.
The manufacturing business on Bardon Hill Business Park had been trading successfully since 1992, offering self-adhesive labels to its customers.
However, company turnover had decreased in recent years and the rising price of raw materials and energy costs saw Hamilton fall into arrears with HM Revenue & Customs and trade creditors.
Despite Hamilton’s financial problems, Leonard Curtis’ experts helped to put the business up for sale and attracted significant interest from several parties.
An offer for the business and assets was received from Schades, an unconnected third party, and a pre-packaged sale of the business and assets was completed on 3 September 2024.
Rochelle Schofield and Mike Dillon from Leonard Curtis successfully managed the deal - with all 74 jobs transferred under TUPE to the purchaser.
Rochelle commented: “We are delighted to conclude a sale and save livelihoods during a challenging period for the business.”
Jack Hugill, Managing Director of Schades Ltd, said: “We are delighted to welcome Hamilton Adhesive Labels to the Schades family. This acquisition is a significant opportunity to strengthen our position in the label manufacturing market and deliver greater value to our customers.
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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.