Mon, 20 Apr 2015 | ADMINISTRATION
A specialist manufacturing business has been put into administration by a team from KPMG.
Cermatco Ltd, a Kent-based firm which focuses on the development and manufacture of ceramic materials for use in dentistry, entered administration this month due to cashflow problems.
Joint administrators William Wright and Mark Orton from KPMG have been appointed to handle matters. They have confirmed that Cermatco Ltd will be traded as a going concern while a buyer is sought for the distressed business.
Mr Wright, who is also a partner with KPMG, commented: “Cermatco is an advanced manufacturer working at the forefront of the ceramics industry. Given its proximity to Europe, skilled workforce and quality product offering, we are confident that there will be interest from the market and a buyer can be found to take the business forward.”
The company is historically profitable but cashflow issues forced the directors to place the company into administration.
Cermatco has been in operation for over 20 years. All of its products are manufactured in its purpose-built factory in Kent in a location easily accessible to the Eurotunnel and the Channel ports, aiding the business to reach out to the European market.
______________________________________________________________________
Related information:
View the latest businesses in administration.
An exceptional opportunity to acquire an established company specialising in forklift truck hire, sales, servicing, and training. With a strong regional profile and a wide B2B client base, this business has a valuable inventory of fully-owned hire tr...
A reputable and lucrative manufacturer of exterior joinery schemes for gardens and landscapes, supplying quality, ready made timber garden products. The business has a diverse client base of designers and architects, trade and end-user customers, all...
Highly profitable and established business that specializes in the nationwide service, repair, and certification of manual handling equipment. The business has a trusted reputation and is operated under management, with low reliance on the business 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.