Following an investigation by the Companies Investigation Branch of the Department of Business, a publishing firm in Bolton has been issued with a winding up notice.
Smithson Publication was found to be operating a cold-calling business from its offices, asking for money to publish children’s safety booklets. These were then sent to schools unsolicited. The firm targeted the small business market with its cold calling technique and left many of them out of pocket.
Many of the small businesses were based in Scotland and dozens are thought to have been caught up in what now appears to have been somewhat of a scam.
A winding up petition has now been issued against the firm in the public interest and an official receiver has also been appointed to deal with the case.
The High Court hearing is set to be held on 24 February.
Investors looking to acquire a publishing business in the region may well be interested in the company. Smithson Publications could offer an opportunity for expansion of capacity or diversification for existing publishing companies or other potential buyers based in the North West of England.
NOTE TO BUSINESS SALE REPORT SUBSCRIBERS
By mid-February 2010 we are adding notifications of winding-up petitions to our regular service.
The latest Winding-up Petition information will be made available on the site with opt-in email alerts.
This is an early indicator that a business may well be experiencing cashflow problems. Our alerts will offer the quick-footed a window of opportunity to acquire a target or its assets before the insolvency professionals appear on the scene. All at no extra charge for existing subscribers. Not a subscriber? Don't miss out.
The business is a specialist civil engineering and construction services, particularly within the rail industry. Provides rail and construction equipment hire services nationwide. Offers invited.
The business is a demonstrating considerable growth, with turnover increasing by over 115% across a three-year period. Strong work pipeline, with over £500k in contracted projects to be included in its YE18 turnover.
The business is a client base of c. 400 clients covering c. 2,200 sites across the UK, including many well-known blue-chip, high street brands and franchises. Most clients are on long-term contracts, with c. 80% of turnover being generated from recur...
Get news on businesses for sale and companies in administration straight to your inbox
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources