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Asset for sale in Yorkshire

£POA Guide Price
Yorkshire
  • Appointment: Administration
  • Date Published: 10/10/17

Description

Opportunity

  • Sold hygienic doors into the UK market under a Trading Style
  • Approximately £600k of debtors subject to a fixed charge
  • Company car leased by the Company
  • Premises lease has expired and the Company  is currently occupying under a ‘hold over’ arrangement
  • Two employees

Financial Overview

Financial Period

Turnover
(£)

Net Profit/(Loss)
(£)

 Year ending 31/08/2017 1,498,000 (263,000)
 Year ending 31/12/2016 4,104,600 (361,800)
 Year ending 31/12/2015 4,201,112 48,943
 Year ending 31/12/2014 3,349,193 30,439

Assets

  • GRP door stock
  • Office equipment, including filing cabinets
  • Two steel fabrication machines
  • Small items of light machinery/tooling
  • Two contracts remaining for a total value of £15,490

Key Highlights

  • Total gross salary cost is £80,000 per annum
  • The right to use the Trading Style name has been terminated by the registered proprietor of that trademarked name
  • The Company currently only supplies hygienic doors
  • All maintenance contracts were transferred nine months ago to another group company

Expressions of Interest

Further information regarding the sale of the business will be released upon signature of a non-disclosure agreement. Expressions of interest must be received by 12 noon on Friday 13 October.

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