Thu, 18 Nov 2010 | BUSINESS SALE
Following its administration earlier this year, a Sheffield-based engineering company has been acquired by a new business headed up by former management.
Sheffield-based Barker Collins Engineering fell into administration on 27 September following serious financial problems as a result of the credit crunch.
The firm, which specialises in subcontract precision engineering, has since been acquired by the newly-formed Barker Collins, a company made up of former Barker Collins Engineering managers and a mix of new investors.
The acquisition, which has saved 22 jobs, was negotiated by a group of advisors based in Yorkshire and brokered by Sterling Corporate Finance's Graham Camm.
Chris Carter, managing director of Barker Collins, said, “This is a business with a great future, there is huge potential for growth within the renewable energy fields, such as wind, carbon capture and nuclear.”
Camm said, “This is a sound business with a viable future. In this type of situation, it is crucial that specialist advisers who understand the issues around insolvency and the need for swift action are involved so that a deal can be completed very quickly with the minimum disruption to the business.”
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.
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