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 / Leicestershire building products firm enters administration

Leicestershire building products firm enters administration

Thu, 26 Mar 2020 | ADMINISTRATION



Leicestershire-based System Building Products Limited has entered administration after a buyer could not be found.

The company has engaged Conrad Beighton and David Griffiths of Leonard Curtis Business Rescue & Recovery to act as joint administrators.

The firm trades from four sites in Hinckley, Stafford, St Helens and Worcester. Its brand include Omnis and Burgess CEP.

In its most recent accounts, to the year ending December 31 2018, the company saw its turnover triple from just over £10 million the year before to over £30 million, with profits of £6.3 million.

This followed a restructuring in which the company offloaded several divisions. But, despite the results, the company faced many challenges that impacted the building products sector.

Joint administrator Conrad Beighton said: “The business has faced considerable challenges in the external building products sector over the last three years but had continued due to its excellent market goodwill and reputation, underpinned by significant financial support from its parent company.”

“The company had attempted to secure a sale of the business over the last few weeks and, despite some genuine interest, potential acquirers were deterred by the current uncertainty”.

At the time of its last available accounts, the company held net assets of close to £6 million, including tangible assets of £3.8 million. The company’s 71 staff have been made redundant.


View the latest distressed UK businesses here.


Share this article



Latest Businesses for Sale

General Building Contractor
Scotland, UK

General building contractors carrying out refurbishment & repair works, including structural repairs, rot eradication, roofing works, facade repairs & decoration works. Diverse client base includes commercial clients local authorities & housing assoc...

Asking Price: Offers Invited
Turnover: £4,500,000

Paving & Drainage Contractor
Merseyside, North West, UK

Well established and lucrative Paving and Drainage Contractor. Leasehold/Freehold option available. Convenient and accessible trading position, loyal customer base. Predicted increased turnover £900k (y/e 30.04.20), consistently strong profits, impre...

Asking Price: £675,000
Turnover: £781,539

LEASEHOLD


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



View more businesses for sale

News Search

Latest News

 
22
 
Jan
 

630,000 UK businesses in “significant financial distress”, according to report | BUSINESS NEWS

According to the most recent Red Flag Alert research from Be...

 
21
 
Jan
 

ProCook considering sale as it undertakes strategic review | BUSINESS NEWS

Kitchenware retailer ProCook is to undertake a strategic rev...

 
20
 
Jan
 

Modulaire Group extends UK presence with Carter acquisition | BUSINESS SALE

Modular space leasing business Modulaire Group has announced...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
03
 
Jul
 

Assets for sale as London-based waste management company enters administration | ADMINISTRATION

A waste management, remediation and enabling works company p...

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]-sale.com
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.