Thu, 20 Mar 2014 | ADMINISTRATION
Leonard Curtis is now seeking a buyer for software vendor Secure Electrans Limited, after it struggled to secure a needed cash boost.
The Cheshire-based business, which provides online payment and energy management solutions, was placed into the hands of joint administrators Alex Cadwallader and Andrew Duncan of Leonard Curtis on 17 March by the business’ management.
The management had unsuccessfully tried to get hold of further working capital from shareholders, and when a potential buyer backed out of a deal, the business was placed into administration.
The administrators are now working to sell the main business and assets of the company and its patent portfolio.
Mr Cadwallader said: “It’s clear that these patents hold a significant amount of value. We are working to ensure that the value of these is firstly protected before it is realised. Expressions of interest are currently being invited.”
The administrators have kept on part of the 30-strong workforce while they work to ascertain the financial position and viability of the business.
Founded in 2000, Secure Electrans specialises in ensuring that payments can be made securely as part of the ongoing fight against fraud. It owns three international patents that cover and manage payment/energy data from the home.
______________________________________________________________________
Related information:
Register your interest with the administrators
Business finance
Acquire a well-established business known for bespoke customisations of luxury watches and jewellery, offering exclusivity and elegance to discerning clients.
This is a rare opportunity to acquire a well-established vehicle sales business in South East England, renowned for its prestige services and reputable clientele, including high-profile individuals. The director's willingness to stay on in an operati...
LEASEHOLD
This established company, with a loyal client base and a solid management team, is positioned for growth through proactive marketing strategies and boasts a strong project pipeline.
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.