Wed, 30 Nov 2016 | ADMINISTRATION
Administrators for a collapsed lifting equipment specialist say they are speaking to interested parties about a sale of the business.
Lloyds British Testing, which was founded in 1812, has seen a decline in revenues and faced cost pressures. 200 jobs are at risk as a result of the administration.
The business, headquartered in Sutton Coldfield in the West Midlands, provides engineering services including inspection, testing, operator training, design and manufacture and equipment sales.
Administrators PricewaterhouseCoopers (PwC) said it was hopeful it could secure a “successful outcome” for Lloyds British Testing, which has 12 sites across the UK and operates in 24 locations around the world.
PwC’s Michael Denny, David Baxendale and Matthew Hammond have been appointed as joint administrators.
Mr Baxendale said: "We are continuing to trade the business as normal whilst discussions take place with interested parties around a sale.
“We are working closely with the company employees, customers and suppliers as we seek to achieve a successful outcome for all stakeholders."
Find building and construction businesses in administration.
Offers permanent and temporary placements to candidates operating within the accountancy and financial sectors. Maintains long-term relationships with its clients, acting as a trusted advisor to provide impartial and effective support throughout the...
LEASEHOLD
Provides a comprehensive consultancy service within the building industry. Works with major BEMS systems manufacturers and suppliers and has extensive in-house knowledge. Offers invited.
LEASEHOLD
Strong second-tier management team in place, able to manage the day-today operations of the business. Serves 200 active clients in the healthcare, veterinary and life science sectors - with some long-standing client relationships in place since incep...
LEASEHOLD
13
|
Dec
|
Gateley acquires T-three | BUSINESS SALE
Commercial law and professional services firm Gateley has ac...
12
|
Dec
|
Appello acquires Mevivo Careline | BUSINESS SALE
Living solutions provider Appello has acquired telecare and ...
11
|
Dec
|
PiggyBank owner enters administration | ADMINISTRATION
DJS Limited, the parent company of payday lender PiggyBank, ...
Sign up to receive our acquisition alert emails to get your FREE guide
20
|
Feb
|
Electronics specialist Maplin searches for buyer | BUSINESS SALE
Electronics retailer Maplin is reportedly in crisis talks wi...
10
|
May
|
Rural supplies firm Countrywide puts all its shops up for sale | DIVISION SALE
Countrywide, the supplier of equestrian and farming supplies...
23
|
Mar
|
Shoe retailer Brantano in administration, sale sought | ADMINISTRATION
The shoe retailer Brantano has collapsed into administration...
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