Wed, 15 Feb 2012 | BUSINESS SALE
Hampson Industries, the aerospace components and tooling supplier, has placed itself up for sale amidst large debts and a potential problem with its largest order.
A problem with a £53 million contract with Boeing is expected to lead to delays in deliveries until 2013. Hampson is reviewing the potential impact this may have on its turnover and profits. It is to speak with Boeing to secure its approval on the order.
The firm has been disposing of assets in response to its substantial debts of about £55 million. This debt figure is down from £88 million, following a sale of its shims business - which manufactures spacers used in aerospace structures - for £51.5 million in October.
Founded in 1947, Hampson is in early stage talks with unnamed potential buyers of its BHW components business in the UK and its Indian operations – which were put on the market in November.
DC Advisory Partners and Dargent Advisors have now been brought in to seek a sale of the whole company.
In a statement West Midlands-based Hampson said: “The board also believes it to be prudent to review actively all financing and strategic options, including a sale of the group”.
The business operates in the UK with an international presence and specialises in providing comprehensive recruitment solutions to customers in the technical sector.
The company has traded for 16 years, based in the Northwest and operating nationally providing temporary staff to large corporate clients.
The company is well-established and operates from a third party owned quarry in Lincolnshire. The business quarries, manufactures and supplies a range of aggregate products, gabion stone and provides associated products and services throughout the Un...
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.