Case study
Provider of staff to the engineering, logistics and manufacturing sector
South Yorkshire Turnover £750k
The director contacted LC direct as the business had suffered from a reduction in turnover and was loss-making.
Management felt there was a viable business without the historic liabilities but could not see any way to trade out of the current situation.
Management expressed an interest in purchasing the business and were ultimately the most attractive bidder.
We assisted management in structuring a sale via a pre-packaged Administration.
We introduced a third party funder that, as well as providing the best financing solution, could also provide back office support services.
This resulted in sale of the business and assets on a going concern basis.
All staff employment was maintained including placement staff and this provided continuity for clients.
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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.