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All jobs saved after sale of Stoke metal manufacturing firm
A total of 24 jobs have been saved in Staffordshire after Leonard Curtis stepped in to manage the successful sale of institutional Stoke metal fabricator Hallmark Metal Co. Limited.
The manufacturing business on Oldfields Business Park had been trading successfully since 1996, offering a range of surface pre-treatments, painting and printing options, as well as sheet metal punch, laser and bending equipment.
However, company turnover had decreased in recent years and the rising price of overheads and energy costs saw Hallmark fall into arrears with HM Revenue & Customs and trade creditors whilst failing to keep up with repayments to funders.
Despite Hallmarkes 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 related party Hallmark Manufacturing Limited and a pre-packaged sale of the business and assets was completed on 24 February 2023.
Rochelle Schofield and Mike Dillon from Leonard Curtis successfully managed the deal - with all two dozen jobs transferred under TUPE to the purchaser.
Rochelle commented: Hallmarkes underlying business model was strong, but was affected by the perfect storm of difficult circumstances.
We are delighted to conclude a sale and save livelihoods at a tough time for businesses in all sectors.
Mark Hall, from the purchasing company, added: We want to thank Leonard Curtis for their support in helping us to secure the futures of all the team and look forward to a brighter 2023 and beyond.
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Leonard Curtis is a trading style of Reach Commercial Finance Limited, registered at Riverside House, Irwell Street, Manchester, M3 5EN. Company Register number is 09056450. Reach Commercial Finance Limited is authorised and regulated by the Financial Conduct Authority, FRN: 753686. Reach Commercial Finance Limited is an authorised credit broker and not a lender. We work with a an unrestricted number of lenders to find a potentially suitable arrangement for your consideration. ICO registration ZA069234 and you can check via www.ico.org.uk. We will receive commission from lenders. Different lenders pay different amounts depending on different commission models. For transparency we work with the following commission models: fixed fee, fixed rate of commission, percentage of the amount you borrow and rate for risk (this is based on the risk profile of the business). Further details of the commission model, calculation and amount will be disclosed to you throughout your customer journey. Privacy notice.
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.