Thu, 29 Jul 2010 | ADMINISTRATION
Bolton-based Proffitts of Great Lever Ltd, an established family furniture business, has fallen into administration after a century of trading.
The company, which sold contemporary home furnishings, is run by the fourth generation of the family who first started it.
Reduced trade has led to increasing financial pressure over the last year or so, according to administrators, who are looking to sell the company as a going concern.
Six of the firm's 12 staff have been made redundant as a result of the administration.
This is a unique opportunity to acquire two well-established B2B companies operating across multiple sectors throughout the UK, boasting strong client relationships and secure contracted revenues poised for further expansion.
LEASEHOLD
This is a unique opportunity to acquire a prominent company in a specialist sector with a high barrier to entry, offering integration potential and a cash-generative model with repeat revenue.
This business presents an enticing opportunity with established relationships with blue-chip organisations globally, a strong client retention rate, and the potential for relocation.
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