Dow Schofield Watts Business Recovery LLP has been instructed by the directors to assist in the sale of a technology company specialising in providing SAAS platforms.

Due to the financial position and several other circumstances associated with the company it is anticipated that a sale of the business and assets may have to be completed through a formal insolvency procedure.

Background

Established in 2003, the Company provides a range of sector-specific, easily implemented software products that fit most businesses with a mobile workforce.
The two platforms are currently used by bulk haulage, waste and skip companies, telecoms, plant hire, civil engineering, renewable energies and asset management companies of all different sizes. The waste and haulage platform can be sold, automatically deployed and billed entirely through the company’s website.
The platforms have been built and developed by highly experienced in-house developers and marketeers and are hosted on AWS cloud.

Business highlights

▪ Net Assets of £304k as at 31 January 2022;
▪ Recurring annual income of £266k
▪ Data stored in the UK
▪ Trades from leasehold premises in the North West of England
▪ Employs 11 skilled members of staff

Deadline for offers

Offers are required by 5pm on 12 December 2022.

Further details and contact information

Further details will be supplied subject to the signing of a confidentiality agreement.

Katie Armstrong / Amanda Hamlin

Tel. 01928 378014
Email. katie@dswrecovery.com / amanda@dswrecovery.com
7400 Daresbury Park, Daresbury, Warrington, WA4 4BS