Thu, 12 Sep 2024 | ADMINISTRATION
A company based in the North West that manufactures and exports food processing machinery around the world has fallen into administration. All six jobs at DanTech UK Limited have been lost as a result of the administration, with administrators from Begbies Traynor now undertaking a sale of the company’s assets.
The Burscough-based business was incorporated more than 20 years ago and its equipment is installed in factories around the world, including in Europe, Asia, the USA, South Africa, the Middle East and Australia. In addition to its base in Burscough, DanTech also operated a modern 15,000 sq ft factory and warehouse facility in Thetford, Norfolk.
According to its most recent accounts, the company had turnover of close to £1.4 million. However, despite this and the company’s global customer base, it had reportedly struggled due to challenging economic conditions both domestically and internationally.
As a result, the firm ceased trading prior to the appointment of Stephen Berry and Jason Greenhalgh from the Liverpool office of Begbies Traynor as joint administrators on August 27 2024.
Commenting on the company’s collapse, joint administrator and Begbies Traynor partner Stephen Berry said: “I can confirm that we have been appointed as Joint Administrators of DanTech UK Limited to protect the position of the creditors."
“The business has been hard hit by challenging economic conditions, not just here in the UK but in the multiple international markets in which it operates. A sale of its assets, primarily consisting of food processing machinery, is under way.”
In accounts for the year ending August 31 2023, DanTech UK Limited’s fixed assets were valued at approximately £66,000, with current assets standing at slightly over £700,000. At the time, the company’s total equity amounted to £184,261.
Read more about M&A trends in the UK manufacturing sector
Click here to download our free guide on finding and buying distressed businesses and assets
An exciting opportunity to acquire a dedicated dental technology lab based in the North East of England. The business specialises in all forms of manufacture of dental prosthetics and associated dental supplies.
Working with a diverse range of natural stone materials, the company is a manufacturer and installer of stonework for use in the creation of bespoke bathrooms and kitchens.
Established in the 1980s, the business specialises in designing, producing and installation of interpretation panels and general signage. They have built an outstanding reputation, with over 30 years’ experience as sign makers working for a variety o...
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.