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.
A very reputable, award winning, day spa offering a selection of rejuvenating treatments is available in the bustling city of Manchester. Offers invited.
LEASEHOLD
This is a longstanding automotive repair business in Gloucestershire, now available for an interested buyer to purchase. Offers invited.
FREEHOLD
A remarkable opportunity has emerged to acquire an established precision engineering business which has cemented solid foundations since it began trading in 1998. Offers invited.
LEASEHOLD
|
21
|
|
Apr
|
Cambridge artificial intelligence / machine learning company bought by customer | BUSINESS SALE
Early stage advanced data analysis company Rinocloud has bee...
|
19
|
|
Apr
|
Accountancy firm to expand in Scotland | BUSINESS SALE
A UK-based accountancy firm with offices peppered across the...
|
18
|
|
Apr
|
Recruitment firm acquires counterpart | BUSINESS SALE
Swindon-headquartered recruitment company Outsource UK has s...
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