Project Geller
Fourth generation professional auctioneers and valuers
Introduction
Dow Schofield Watts Business Recovery LLP has been instructed by the directors to assist in the sale of a manufacturer and supplier of CNC machinery. Due to the financial position of the company it is anticipated that a sale of the business and assets will be completed through a formal insolvency procedure.
Background
The company is a provider of tube bending technology, tooling, automation, robotics, and process support for a wide range of tube bending and forming applications in the automotive, aerospace, and nuclear industries supplying complete turnkey packages and modular cells for high integrity volume production. The company offers electric CNC machines intended for forming and bending of tubes. The company also offers customer support through spares, service, rebuild, retrofit, the design manufacture and sales of hard and consumable tooling, supplies tooling from stock, consignment stock tooling and tooling re-cut and repair services.
Business highlights
- Turnover of £1.88m for the year ended 30 June 2021 and £1.56m for the 10 month period ending May 2022
- Operating from leased premises in the North West
- Workforce of 24 staff with extensive engineering experience
- Established long standing customer base
- Specialised plant and machinery
Further details and contact information:
Millie Baker
Tel. 01928 378014
Email. millie@dswrecovery.com
7400 Daresbury Park, Daresbury, Warrington, WA4 4BS
Amanda Hamlin
Tel. 01928 378014
Email. amanda@dswrecovery.com
7400 Daresbury Park, Daresbury, Warrington, WA4 4BS
Further details will be supplied subject to the signing of a
confidentiality agreement.