Thu, 14 Jun 2018 | ADMINISTRATION
Sunline Direct Mail (SDM), an e-commerce and direct mail firm based in Loughborough, is looking to assign an administrator. This comes as a result of the recent updates to General Data Protection Regulations, and in response to the concerns regarding plastic use, inspired by the Blue Planet documentaries commissioned by the BBC.
According to the AIM-listed owner CEPS, SDM filed the noticed despite having secured new investment in the last two years. The direct mail specialist was on track to grow its letter and paper segment, to perhaps even overtake the polywrap part of its business by 2019.
CEPS, which is the holding company that manages a number of industrial firms, stated that the combination of environmental issues and GDPR is “more than SDM can stand in its current form.”
It added that business had reduced significantly for its expected “golden period” of August to November, with management noting that it would possibly need extra investment to advance further.
In lieu of its current fiscal situation, Moorfields Advisory has been invited to advise SDM of its future options, and has suggested an accelerated marketing programme with the intention of pushing sales whilst SDM arranges to affirm an administrator.
A court-approved NOI has also been obtained to protect the company from creditors to allow normal trading operations alongside being put up for sale.
The sale of SDM’s business and assets will be finalised once administrators have been selected.
This company specialises in supplying the highest quality natural stone products, offering a complete turnkey solution to its customers from sourcing, through to processing, design and final distribution and delivery. Offers invited.
RELOCATABLE
Precision Engineering Business for sale operating with a modern, well equipped machine shop, offering Engineering Development Modelling (EDM), CNC turning & milling, grinding, boring and fitting. Offers invited.
LEASEHOLD
High quality practice with strong middle management on the market for the first time. Established: 25 to 30 years. Strong middle-tier management to support acquirer throughout the transition period and on an ongoing basis. Locations: Cheshire, Mersey...
|
20
|
|
Sep
|
Thomas Cook seeking 'last-ditch' fire sale | BUSINESS SALE
Thomas Cook Group is reportedly trying to piece together a l...
|
19
|
|
Sep
|
Smith & Williamson and Tilney to merge | MERGER
After revealing in August this year that talks were in place...
|
18
|
|
Sep
|
Infrastructure investment manager takes stake in LJLA | BUSINESS SALE
Infrastructure investment management group, Ancala Partners,...
Sign up to receive our acquisition alert emails to get your FREE guide
|
01
|
|
Apr
|
Liam Gallagher’s fashion chain enters administration | ADMINISTRATION
Pretty Green, the men’s fashion retailer established b...
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