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Investment: Initially £150,000+
Location: West London
Established earlier this year to acquire the business of another finishing company under the same ownership and management team. The company had traded successfully for 18 years before two substantial bad debts forced the appointment of an Administrator.
The business has a turnover in excess of £6 million per annum and remains one of the largest specialist print finishers in the UK. Having survived the recession the Company is poised to take advantage of its unique range of complimentary print finishing services.
The new company was never properly capitalised and therefore requires working capital, initially to improve cash flow and later be able to invest in marketing and new stitching equipment to take advantage of market opportunities. As the “finisher of choice” the company has significant market penetration in London and the South East and enjoys regular, repeat business of 90% of sales from 200 clients.
This is an excellent opportunity for the right investor to become part of a business with a significant competitive advantage and market opportunity, backing the business with capital and strategic support. A significant equity stake in the business is available.
Ref: JO11 150
A statutory demand is a written demand for payment of a debt, in a prescribed form, served on either: An individual, in accordance with section 268(1)(a) of the Insolvency Act 1986 (IA 1986). A company, in accordance with section 123(1)(a) or 222(1)(a) of the IA 1986. This practice note provides more detail (Statutory demands and […]View More
Mark Jones, Woodcock & Wilson View More
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