Buyer sought as North East contractor enters administration

Thu, 21 Nov 2019 | ADMINISTRATION

A buyer is being sought for Pro-Fix Installations after the company was placed into administration.

Linda Farish and Chris Ferguson, Joint Heads of Recovery and Insolvency at RMT Accountants and Business Advisors, have been appointed as administrators for the Team Valley-based contracting business.

Pro-Fix Installations is an accredited company and specialises in the installations of windows and doors for new build homes. It offers a wide range of products and installation services and serves areas across the North East of England, including Tyne & Wear, Northumberland, Durham and Teesside.

The company has several large housing developers among its clients and, for the time being, is continuing to trade as a going concern in administration. It has secured an order book of around £6 million for 2020.

RMT’s Linda Farish said: "Pro-Fix has a long and successful track record, and despite its current financial difficulties, has every chance of trading successfully once again in the future under new ownership.”

"We’ve already had initial contact with a number of potential interested parties and we are working to resolve the situation as quickly as we can."

"We’ve also been speaking to Pro-Fix’s customers about fulfilling future orders whilst the business is marketed for sale."

The company currently employs around 30 people and saw a turnover of £5.7 million in its last financial year. Its major clients include Bellway, Barratt Homes and Storey Homes.

Share this article

Latest Businesses for Sale

Architectural Metalwork Manufacturer
North of England, UK Wide

CE certified manufacturer of high-quality bespoke architectural metalwork to the retail commercial & construction sectors. Offers a full turnkey service from design to build & install for shops bars restaurants commercial offices & residential proper...

Asking Price: Offers Invited
Turnover: £3,306,000

Asbestos Removal Contractor with Ongoing Asbestos Management Revenues
West Midlands, UK

Asbestos removal specialising in the removal surveying & management of asbestos in commercial & residential properties nationwide. Unique in its integrated offering of removal & consultancy services it operates across the insurance restoration public...

Asking Price: Offers Invited
Turnover: £3,163,000

Playground Equipment & Safety Surfacing Provider
South of England, UK Wide

Well-established companies offering turnkey solutions for children's outdoor play spaces and environments including fencing and street furniture as well as specialist safety surfacing. Undertaking all works in-house the companies provide a complete s...

Asking Price: Offers Invited
Turnover: £1,699,877

View more businesses for sale

News Search

Latest News


Wrexham-based wire firm falls into administration | ADMINISTRATION

Wire manufacturer Wrexham Wire has fallen into administratio...


Leading UK tour operator Ski Weekends enters administration | ADMINISTRATION

One of the UK’s leading ski tour operators Harris Holi...


Pizza Express puts itself up for sale and looks to close 67 outlets | BUSINESS SALE

Pizza Express has announced that it is seeking a buyer for i...

Free guide: 10 Biggest Buyer Mistakes

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


Related News


MBO at Newcastle market research company | MBO/MBI

Newcastle-based market research company Explain Market Resea...

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