Thu, 28 Jul 2011 | ADMINISTRATION
Midlands-based tool manufacturing company, Marrill Engineering, has called in administrators to carry out a search for a new owner for the business.
The company is a press tooling design and component manufacturer and includes major tier one manufacturing names including JCB and LTI Taxis on its client list. It is based in Coventry.
Bosses confirmed this morning that financial services firm, RSM Tenon, has been appointed to carry out the administration. A spokesman for Tenon confirmed that they had been appointed on 13 July. He said that Marrill is continuing to trade as normal and no jobs have yet been lost, as there is high confidence that a buyer will successfully be found.
He explained, “The business is continuing to trade, and so far there have been no redundancies. We are currently seeking a buyer for the company as a going concern.”
The company also has a major base in Gateshead, close to the large automotive operations in the north-east of England. Marrill supplies components to the heavy plant and agricultural industries and has in excess of 30 presses, with a capacity of between 60 and 800 tonnes.
This outstanding business is being sold together with its exceptional freehold commercial premises. Also included in the selling price is an adjacent 3 bedroom semi-detached residential property that is currently let on an AST.
FREEHOLD
Under current ownership for the last 25 years, but with a trading history dating back to the 1940s, the company manufactures and sells high-end architectural joinery for new builds and renovations.
The business is well-established and offers its products and services across the region. The vendors now wish to retire, with the business representing an excellent acquisition for an existing operator within a similar sector or a new market entrant.
LEASEHOLD
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