Fri, 03 Feb 2012 | ADMINISTRATION
Begbies Traynor has sold the assets of Stagecraft Technical Services (STS) out of liquidation to CPS Group.
Julie Palmer and Simon Campbell of Begbies Traynor were brought in as the liquidators to STS on 21 December last year.
Based in Porton, Wiltshire, STS specialised in audio visual, lighting, sound and staging. Its £700,000 sales were achieved through retail, hired and permanent installations, mostly for theatrical and musical productions.
“We made a huge effort to find a buyer for this business as a going concern prior to appointment,” Julie Palmer said. “However we are pleased to have ensured that STS’s loyal customer base will continue to be serviced effectively by CPS, a major player in the region.”
The purchase comprises the Stagecraft brand and a large amount of assets, after the voluntary liquidation of Stagecraft Technical Services Limited.
CPS, also based in Wiltshire, provides its audio visual solutions to the entertainment, leisure and corporate industries.
CPS director Richard Colegate commented on the deal: “We look forward to working with Stagecraft customers in 2012. Combining CPS’ excellence in modern lighting, audio and video with Stagecraft’s expertise in stage production & outdoor structures provides exciting new possibilities.
“Bringing on-board Stagecraft’s expertise in stage construction and a significant stock of staging & outdoor structures means that we can provide a more comprehensive service to our existing clients too.”
CPS’ installation and service teams are ready to offer post-sales technical service and support to Stagecraft clients, it said on CPS’ website.
Opportunity to acquire a high performing business and long leasehold property operating in the dental and medical sector within London. Offers by: 6 December 2024.
Opportunity to acquire the business and assets of a beverage retailer with stores across England. Offers by: 2 December 2024.
Opportunity to acquire a privately owned Company founded over 40 years ago, operating as one of the leading developers of exceptional residential homes in prime areas of London and Southern England. Offers by 5 December 2024.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.