Case study

Securing futures by facilitating a third-party purchase

Restructuring and Insolvency
at

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.

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