PROJECT STONE
Fourth generation professional auctioneers and valuers
Introduction
Dow Schofield Watts Business Recovery LLP has been instructed by the board of directors to assist in the sale of the business and assets of a producer of aggregates for use in the construction industry.
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.
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Background
The company is well-established and operates from a third party owned quarry in Lincolnshire. The business quarries, manufactures and supplies a range of aggregate products, gabion stone and provides associated products and services throughout the United Kingdom.
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Business Highlights
- Turnover for the years ended 30 April 2022 and 2023 of £6.6m and £7.4m respectively
- Turnover of £7.4m per management accounts for the year ended 30 April 2024
- Net assets of £756k at 30 April 2024
- Established customer base mainly consisting of suppliers into the construction industry
- 38 Employees of whom 19 are salaried and paid monthly and 19 are paid weekly based on hours worked
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Deadline for offers
Offers are required by 4pm on 16 August 2024
Further details and contact information:
Further details will be supplied subject to the signing of a confidentiality agreement.
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Cameron McArthur
Tel: 01928 378014
Email: cameron@dswrecovery.com
7400 Daresbury Park, Daresbury, Warrington WA4 4BS
John Carpenter
Tel: 01928 378014
Email: john@dswrecovery.com
7400 Daresbury Park, Daresbury, Warrington WA4 4BS