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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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.