Project Ringo

Introduction

Dow Schofield Watts Business Recovery LLP has been instructed by the directors to assist in the sale of a civil engineering business that delivers design, construction, maintenance and enhancement projects for both railway infrastructure and civil engineering developments.
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 began trading in 1993 providing civil engineering and construction services mainly within the rail sector. The Company trades from 5 leasehold sites located throughout the UK and has an experienced workforce. Services offered by the Company include complete packages for the rail sector encompassing buildings and civils, structures, earthworks and geotechnical, lineside infrastructure, vegetation clearance, fencing, drainage and permanent way works. The Company also manage specialist industrial and commercial schemes including multi-model distribution warehouses, terminal and office buildings, heat and power plants and transport interchange projects.

Business Highlights

• Turnover of £29m for the 18-month period ended 30 June 2023;
• Fully RISQS accredited;
• A number of framework agreements and contracts in place with customers;
• National presence;
• Long Standing relationships with key industry suppliers;
• Over 127 experienced employees

Deadline for Offers

Offers are required by 5pm on 29 September 2023.

Further Details & Contact Information

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

Hannah Brown
Tel. 01928 378014
Email. hannah@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