Specialist Northamptonshire Based Engineering Business Delivering to the Performance Motor Sport Industry
|The business is a highly skilled engineering consultancy, helping clients turn concepts into reality by utilising the latest in precision CNC equipment.
Assets available for sale include stock, chattel assets and goodwill of the business.
Furthermore, the company also employs five members of staff, with vast levels of experience and expertise in their individual roles.
The Company reported net assets of £79k for the financial year ended 30 September 2020, and achieved gross profit of 64% on turnover of £502k, resulting in a net loss of £77k, during the same period.
In the year to 30 September 2019 the Company reported net assets of £157k, and achieved gross profit of 62% on turnover of £653k, eliciting net loss of £32k, during the same period.
To protect the company’s goodwill and trade, it is proposed that any sale will need to be completed by Friday 27th May 2022, and as such, this opportunity is only likely to be available for a short period of time.
Following receipt of expressions of interest, and a signed Non-Disclosure Agreement, sale particulars will be provided. Offers for the purchase of the business and / or its assets as a going concern, by way of sealed bids, need to be sent to PKF Smith Cooper before noon on Monday 23rd May 2022, together with evidence of funding.
When submitting your offer, in order to expedite matters, please provide contact details of your solicitors. If you are interested in pursuing this opportunity further, please contact one of the following for additional information.
PKF Smith Cooper, Nine Hills Road, Cambridge, CB2 1GE