We are instructed to seek offers for the assets, goodwill and IPR of a firm of North West based shop fitters specialising in the hospitality industry.
The tangible assets comprise:
NB Both vehicles are in construction industry condition with areas of damage.
The company has a small quantity of office furniture and equipment.
Tools and Equipment
The company hires in any bigger equipment required, and staff use their own tools. The only company tools and equipment comprise circa 12 power tools, a saw bench, ladders, wheelbarrows and other minor items.
The stock-in-trade comprises leftovers – the company purchases materials as needed for a specific project and retains any oddments and leftovers.
There is only a small amount of work-in-progress, which if successfully converted will produce a realisation of circa £20,000 (less of course labour and material costs).
There is no actual order book and no future contracts. There are customers with whom the director has been in negotiation who have spoken about placing future orders “when the time is right”, but there are no current contractual commitments.
Historically the turnover has been averaging circa £1.5m.
The company operates from a one room office and has a small storage unit nearby where it stores the leftover materials referred to as stock above.
At this stage we are instructed to seek indicative offers (non-binding) based solely upon the information above. Such offers must be from principals only, and must provide proof of funding.
Indicative offers to be forwarded to: David W Kay FNAVA MABRP
Robson Kay Associates Ltd
To be received no later than 4 pm on Tuesday 8th March 2022.