Fri, 12 Nov 2010 | ADMINISTRATION
Range Rover specialist, Overfinch Bespoke Vehicles Limited, has been placed into administration due to cash flow problems.
The business is continuing to trade while the appointed administrators at Wilson Field seek a new owner. Joint administrator Lisa Hogg said, “We are already in talks with a number of interested parties.”
Ms Hogg explained that over the past 18 months Overfinch had been hit by “significant one-off non-trading costs, which have severely affected cash flow.”
The firm makes the Holland & Holland Range Rover, which has been described as the most luxurious off-roader anywhere in the world. Its customers include the celebrities Coleen Rooney, Jeremy Clarkson and Steven Gerrard.
Established in 1975 and based in Farnham, Surrey, Overfinch sells its vehicles via 15 distributors in different countries including North America, Africa and Asia.
Roger Hutton of legal firm Clarion, that is acting as adviser to the administrators, commented: “Given Overfinch’s position as a world leader in its field and with its valuable intellectual property rights, we are confident that the business will be sold within the next few weeks, securing the future of its 20 staff.”
An opportunity exists to purchase the business and assets of a recruitment business operating in the south of England. The business specialises in both temporary and permanent candidate placement in education roles.
An opportunity exists to purchase the business and assets of a leading provider of traffic management solutions operating across the UK highways network.
An opportunity exists to purchase the business and assets of a television production company. The company has an established track record in the production of drama/ documentaries and colourised archive series.
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.