Wed, 10 Mar 2010 | ADMINISTRATION
Motorway service operator Swayfields Limited and Swayfields Extra MSA Holdings Limited (the Group) has entered administration because it is unable to meet increasing debts.
The Lincoln-based group, which has annual revenues of £13m, operates 11 roadside service sites including six motorway service areas, two trunk-road service areas and three forecourts.
Ian Green, joint administrator at PwC, says the company entered administration in order to focus on restructuring and re-financing the business.
After reviewing the options, the administrators will begin the search for a buyer for the companies, which will apparently continue to trade as normal.
Mr Green said: "We are confident of a sale being completed with minimal, if any, impact on the operating sites."
Plans to build a service station near Junction 10 on the M25 have not been affected by the move into administration.
The plans, which involve constructing a hotel, petrol station, shops and 721 car parking spaces, were approved in 2005 by the government despite opposition from the local council and residents.
A leading engineering firm focusing on electric power steering solutions and bespoke wiring harnesses serving various industries. It operates as two entities both reputable for maintaining high standards and offering bespoke solutions for clients. In...
Market-leading fruit and vegetable supplier distributing fresh produce and complementary goods both wholesale and D2C. The companys uncompromising drive for customer satisfaction has built strong relationships with across an enviable client base incl...
Turnkey construction services provider completing a range of projects with expertise across maintenance general refurbishment new build and conservation including work on listed buildings. The company provides full-service construction works utilisin...
|
02
|
|
May
|
Scottish law firms WJM and Davidson Chalmers Stewart merge | MERGER
Scottish law firms Wright, Johnston & Mackenzie LLP (WJM) an...
|
01
|
|
May
|
Cybersecurity firm Brigantia bought by European peer | BUSINESS SALE
North Yorkshire cybersecurity distributor Brigantia Partners...
|
01
|
|
May
|
Historic pottery company Moorcroft goes out of business | ADMINISTRATION
The directors of 128-year-old Moorcroft Pottery have announc...
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
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
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.