ACQUISITION OPPORTUNITY – Greyville Enterprises Limited – In Administration
Fourth generation professional auctioneers and valuers
Introduction
Joint Administrators, Steven Wiseglass of Inquesta Corporate Recovery and Insolvency and Paul William Ellison of KRE Corporate Recovery offer for sale a business providing specialist cycles and accessories.
Due to the financial position of the Company, the sale of business and assets will be completed by sale of the Joint Administrators.
Background
A leading UK-based distributor of high-quality bicycle components, accessories and maintenance products. Serving both retails and trade customers across the country.
Business Highlights
- Turnover of £3.4m and £2.8m for the year ended 31 December 2024 and 31 December 2023, respectively.
- Loss after tax of £216k and profit after tax of £34k for the year ended 31 December 2024 and 31 December 2023, respectively.
- Long established business.
- Exclusivity and distribution agreements.
- Leasehold premises.
- Positive brand recognition and reputation.
Deadline for Offers
Offers are required by 5pm 30th June 2025.
Further Details & Contact Information
Further details will be supplied subject to the signing of a Non Disclosure Agreement (NDA).
Mike Gabel
Tel: 0161 767 8001
Email: mike.g@JPSsurveyors.co.uk
Joe Mulhall
Tel: 0161 767 8001
Email: joe.m@JPSsurveyors.co.uk