Sat, 24 Nov 2012 | ADMINISTRATION
BDO has been appointed to handle the administration of Manchester-based business, Brimar.
The company has been in business for 90 years, but the economic climate has proved to be too much for the firm to overcome without some significant changes.
BDO have confirmed that they are hoping to sell the business, which manufactures military electronics, as a going concern.
Located in Middleton, the firm, near Manchester, the firm also has two sites in the US and makes electronic displays for tanks, helicopters and aircraft. It also provides the film and television business with components.
The administrators explained the situation: “Unfortunately, the economic climate and difficult trading conditions have adversely affected the business, and it has been necessary to take steps to safeguard creditors," the administrators said.
"We are proactively reviewing all the options for the future of the company. Our immediate priority will be to ensure that business continues as usual over the coming weeks and that the production of strategically important products for customers in the defence and security sectors continues with minimal disruption. Customers seeking further information should contact the joint administrators with any queries.”
Impressive single fronted premises all newly fitted approximately few years ago. Open plan kitchen area with stainless steel extractor system, stainless steel cladding to walls.
LEASEHOLD
Represents an opportunity for an acquirer seeking a retail outlet entailing a grocery, bakery and a busy off licence.
LEASEHOLD
Offering for sale this Japanese restaurant with alcohol license till late. The current owners have invested heavily in new equipment, fixtures and fittings. The ground floor & basement premises are significant in size and the new owner may consider d...
LEASEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.