Mon, 27 Apr 2020 | ADMINISTRATION
Scunthorpe-based powered access hire business Lincs Lifts is seeking a buyer, after appointing administrators from Begbies Traynor.
The company specialises in the renting and leasing of powered access machinery such as telehandlers, scissor lifts, cherry pickers, boom lifts and towable lifts, among others.
Operating across the UK and Ireland, it is an International Powered Access Federation audited Rental + Gold trading company.
However, the company fell into administration after seeing business impacted by the coronavirus crisis. It has furloughed around a dozen of its staff as administrators seek a buyer for the business.
According to an insider, talks are underway with potential buyers and those involved are hopeful that a deal for the business can be agreed soon.
As per a filing on Companies House, Lincs Lifts’ registered office address changed on April 24 from its previous location on Scunthorpe’s South Park Industrial Estate to Begbies Traynor’s Leeds office in Toronto Square.
According to its most recent accounts, made up to the year ending December 31 2018, the company held fixed assets of around £1.8 million, a significant increase from £627,458 the year prior.
Its current assets at the time were close to £595,000, up from almost £95,000 in 2017, with net assets amounting to £83,107, up from just over £50,000 the year before.
View the latest distressed UK businesses here.
Highly successful specialist agency operating for over nine years. Provides comprehensive cross-border debt recovery services for overseas banks with large UK portfolios of credit card debt. Primarily recovers debt from UK residents which was incurre...
LEASEHOLD
The company provides a range of support services to people with a range of disabilities including learning disabilities, autism and physical disabilities. Achieved a Good CQC rating. Has experienced strong, organic growth since its inception. Works t...
LEASEHOLD
This profitable coach hire business occupies a great location close to the M6 in Cheshire and provides private hire coach services, school contract services and contracts with the local authorities. Offers invited.
LEASEHOLD
|
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...
Sign up to receive our acquisition alert emails to get your FREE guide
|
18
|
|
Jun
|
Hotel chain Suite Hospitality enters administration | ADMINISTRATION
Suite Hospitality, which operates hotels in Exeter, Windsor ...
|
03
|
|
Apr
|
Benito’s Hat to continue trading despite entering administration | ADMINISTRATION
Fast-casual Mexican food chain Benito’s Hat has entere...
|
09
|
|
Oct
|
South Wales furniture maker collapses into administration | ADMINISTRATION
Thought to be one of the top furniture manufacturers in the ...
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