Wed, 03 May 2023 | ADMINISTRATION
Administrators are seeking a buyer for the business and assets of a firm specialising in the remanufacture of electrical components for commercial vehicles. Alliance Transport Technologies fell into administration this week after experiencing issues including delays to the launch of a new product.
Chris Pole and Ryan Grant of Interpath Advisory have been appointed as joint administrators to the company and will now explore sale options for the business and assets. During this process, the company’s operations will continue for a short period. The majority of the firm’s 51 employees have been retained to enable trading to continue, but 15 have been made redundant.
The company operated from sites in Clowne (Derbyshire) and Featherstone (West Yorkshire). It specialised in remanufacturing electronic components, providing aftermarket services for clients in the commercial vehicle, coach and bus markets.
The firm had encountered a series of challenges over recent months, most notably delays to its launch of a new ESS product. This took a significant impact on trading, leading to the business requiring additional investment. After exploring their options, the company’s directors opted to appoint administrators.
Joint administrator Chris Pole said: "Alliance Transport Technologies has been operating for 30 years, and in recent times, has pioneered the use of remanufacturing electronic components to allow commercial vehicle operators to decarbonise the maintenance of their fleets.”
"Our focus in the coming days will be to explore the potential sale of the business and its assets, and would invite any interested parties to contact us as soon as possible."
In Alliance’s most recent accounts at Companies House, for the year to December 30 2021, its fixed assets were valued at £660,146 and current assets at close to £4.1 million. The firm’s net assets at the time amounted to £912,021.
Read about M&A trends in the UK manufacturing sector.
View recent administrations.
The company develops, manufactures and supplies industrial finishing products, including includes leather finishing chemicals, polyurethane dispersions (PUDs), acrylic emulsions, acrylic solutions, automotive aftercare, pigment dispersions, non-stand...
A highly rated business opportunity that offers fibreglass repair services. Founded by the current owner (and his brother) in 2016 when they identified a need in the marketplace and the business has been a real labour of love accruing an impressive n...
First established in the early 2000s, the business boasts a 20+ years’ presence in the industry, with strategic input from three founding directors whose wealth of experience have contributed to the many successes to this day. The company has built a...
Fox Industrial Services Limited, a construction firm based i...
E-commerce fulfilment group International Logistics Group Lt...
Administrators have completed the sale of Bawtry Carbon&rsqu...
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
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
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.