Administrative receivers, Jamie Taylor and Louise Baxter of Begbies Traynor, have successfully sold the assets of Quickseal ("the company") for £300,000 to specialist contractor, VolkerLaser.
Quickseal is a family run, waterproofing and concrete repair contractor which entered administrative receivership on 7 May.
Most of Quickseal’s UK assets and operational staff were transferred to VolkerLaser on 8 May and VolkerLaser plans to retain the majority of staff and honour contracts already held with long term clients.
Mike Weaver, managing director of Volkerlaser, commented:
“We are pleased to have made this asset transfer which will provide VolkerLaser with additional skills and experience in the building and construction market, where our existing portfolio concentrates on the civil engineering market.”
[Jamie Taylor / Louise Baxter] of Begbies Trayor added:
“We’re delighted to have secured a sale which ensures the continuation of the Quickseal business and preserves jobs, particularly given the underlying caution in the UK construction sector.”
Jamie is a fellow of the Society of Practitioners of Insolvency, a member of the Institute of Directors, a fellow of the Insolvency Practitioners Association and a member of the Institute of Credit Management. He established Taylor Gotham & Fry in 1991, now the Southend office of Begbies Traynor. Jamie is experienced in all insolvency matters.