Administrators seek interest for collapsed Leeds facade specialist

Thu, 26 Jan 2017 | ADMINISTRATION

Administrators appointed to a collapsed Leeds-based group which supplies facades and shopfronts and boasts a stellar client base say they are seeking interest in the businesses and their assets.

Drawn Metal and DML Architectural Systems, which employ 70 staff, went into administration after incurring losses on a big out-of-town contract, putting dozens of jobs at risk.

The two firms had a combined turnover of £9 million in 2016 and have world-famous brands including Calvin Klein, Ferrari and Lacoste on their books, as well as experience in working on large-scale retail developments and construction projects.

Based in Bramley, Drawn Metal is a supplier of bespoke facades and shopfronts, while DML Architectural Systems specialises in curtain walling, windows and cladding.

Administrators Begbies Traynor said: “Having traded since 1924, DML has become known as a leading name in facades, particularly for the retail sector, but, unfortunately, losses on a significant out-of-town contract has resulted in the directors appointing administrators.

“We are in the process of assessing the situation in order to achieve the best possible outcome for creditors and the 70-strong workforce.

“The companies have an excellent reputation and we are seeking interest in the business and assets.”

An associated company, Drawn Metal Holdings, is not in administration.

Find building and construction businesses for sale.


Share this article



Latest Businesses for Sale

Contemporary Bar & Bistro
Lancashire, UK Wide

The business for sale is a highly contemporary bar and bistro serving an array of high quality, locally sourced and freshly prepared food and drinks with a great environment. Great reputation in the area for food and live music. Has built up a reliab...

Asking Price: £99,950
Turnover: £450,000

LEASEHOLD


Commercial Cleaning Company
Berkshire, UK Wide

Leading cleaning company in area. High-quality contracts and clientele. All equipment included in the sale. Well-established. Company has an excellent retention rate with a valuable team of staff. Huge scope for growth. The business is now for sale o...

Asking Price: £180,000
Turnover: £436,428

LEASEHOLD


Online Strapping Retailer
Devon, UK Wide

This is an excellent opportunity for an interested and committed buyer to take on a highly reputable e-commerce business which specialises in strapping and other fastening equipment. Excellent online reputation. Wide range of stock. Loyal commercial...

Asking Price: £350,000
Turnover: £1,129,718

RELOCATABLE



View more businesses for sale

News Search

Latest News

 
29
 
May
 

Monsoon Accessorize close to administration | ADMINISTRATION

Fashion retailer Monsoon Accessorize is close to entering ad...

 
28
 
May
 

M&G completes purchase of Ascentric platform from Royal London | BUSINESS SALE

Asset manager M&G has completed the purchase of wealth manag...

 
27
 
May
 

Food-to-go supplier calls in administrators | ADMINISTRATION

Adelie Foods, one of Britain’s biggest suppliers of sa...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
27
 
Apr
 

Lincs Lifts seeks buyer after appointing administrators | ADMINISTRATION

Scunthorpe-based powered access hire business Lincs Lifts is...

 
03
 
Apr
 

Benito’s Hat to continue trading despite entering administration | ADMINISTRATION

Fast-casual Mexican food chain Benito’s Hat has entere...

 
09
 
Oct
 

South Wales furniture maker collapses into administration | ADMINISTRATION

Thought to be one of the top furniture manufacturers in the ...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources