Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
  • Video Insights
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Buyer sought as North East contractor enters administration

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

Independent Building Contractor
UK Wide, Scotland

The Company is a highly regarded building contractor, predominantly providing its services to clients in the commercial and retail sectors. The Company has experienced considerable growth since its foundation, with the strength of its workforce and s...

Asking Price: Offers Invited
Turnover: £2,800,000

LEASEHOLD


Manufacturer & Installer of Bespoke Retail Interiors
East Midlands, UK

The company specialises in the design, manufacture and installation of bespoke retail interiors. Operates on an international basis. Currently works with over 60 active clients, 95% of whom provide reliable, repeat business.

Asking Price: Offers Invited
Turnover: £6,000,000

LEASEHOLD


Provider Of Specialist Mechanical & Electrical Services
Northern England, UK Wide

Achieved turnover of £44 million, with an adjusted EBITDA of £2 million. Provides a comprehensive range of M&E engineering and contracting services, predominantly working alongside leading construction companies on projects of all sizes. The company...

Asking Price: Offers Invited
Turnover: £35,594,959

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
15
 
Jan
 

Buyer sought for portfolio of pubs | BUSINESS SALE

Five pubs that formerly operated under the Authentic Alehous...

 
14
 
Jan
 

Acquisitive RSK Group completes trio of deals | BUSINESS SALE

Cheshire-based technical services consultancy RSK Group has ...

 
13
 
Jan
 

Heat transfer equipment manufacturer falls into administration | ADMINISTRATION

Coventry-based Covrad Heat Transfer has fallen into administ...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
21
 
Jan
 

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

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Daily Financial Alerts
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2021. Business Sale Report Ltd. All rights reserved. www.business-sale.com.