Mon, 16 Jul 2012 | BUSINESS SALE
Administrators from BDO have sold Gem Security Centre Ltd, which trades as GemSec, saving a total of 12 jobs.
The business has been sold to Gem Security Systems Ltd by the joint administrators on the day that the company entered administration, although there was “significant interest” in the firm from elsewhere.
Simon Girling, business restructuring partner at BDO, told Insider Media: “Gem Security Centre Ltd was exposed to difficulties as a result of the current economic climate and had become unable to grow its business from the infrastructure put in place in 2011.
"Principally, I am delighted that 12 jobs have been saved with the transfer of staff to Gem Security Systems Ltd and the business can now move forward on a secure financial footing.”
The business is based in Hengrove, Bristol, and provides ironmongery services, key cutting, access control and CCTV for individuals and companies around the country.
GemSec provides trained engineers and parts through its Trade Counter and has worked on a number of educational projects in recent years, including Clifton College and Ashton Park Comprehensive School, both of which required a substantial number of locks to be installed along with access control systems.
The company provides a comprehensive range of makeup products, including a renowned line of liquid blush, concealer, primer, and eyeliner. The business operates online through its e-commerce website and other third-party sites such as Sephora and Ama...
The company provides comprehensive reinsurance brokerage services for major global clients across a range of high-value markets, receiving risk from brokers and insurance companies to be placed with either Lloyd’s or international reinsurers.
A provider of a comprehensive consultancy service covering structural and civil engineering. As a party wall specialist, the company is also able to monitor works for compliance with the Party Wall Act. Over its period of operation, the company has c...
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.