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.
An award-winning company with an excellent reputation within the industry. Reputation in the market for high-quality, state-of-the-art tailored products and services. Offers invited.
Provider of in-depth cyber security consultancy and solutions with ten years' experience within the industry. Offers invited.
Multi-discipline design agency creating bespoke literature including brochures, catalogues, newsletters & prospectuses, as well as designing clients’ websites, alongside e-commerce solutions. Offers invited.
|
21
|
|
Mar
|
Kent Logistics provider completes a successful acquisition | BUSINESS SALE
A Kent-based personalised logistics provider, backed by Livi...
|
20
|
|
Mar
|
Warrington construction company enters administration | ADMINISTRATION
A prominent construction business headquartered in Orford Gr...
|
19
|
|
Mar
|
Prominent stationery supplier enters administration | ADMINISTRATION
Another British high street retailer has fallen victim to th...
Sign up to receive our acquisition alert emails to get your FREE guide
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