Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Pharmaceutical manufacturer enters administration

Pharmaceutical manufacturer enters administration

Tue, 19 Feb 2019 | ADMINISTRATION



A pharmaceutical manufacturing company based in Bristol has entered administration after experiencing a series of financial difficulties.

Avara Avlon Pharma Services Limited called in administrators after a major contract came to an end, raising questions regarding the future of the company.

Accounting firm David Rubin & Partners were called in to oversee the administration process, with partners David Rubin and Asher Miller appointed at the High Court of Justice as joint administrators.

Rubin commented on the administration: "Avlon has experienced financial difficulties in recent months as a result of a major contract with a customer coming to an end. The joint administrators are now managing the site, whilst they seek a buyer for the business and assets.

"The main issues here are keeping the site operational and ensuring that all health, safety and environment obligations are complied with. We are working closely with the highly professional and experienced workforce to do everything we can to obtain the best outcome for all stakeholders.

"We have already secured an agreement with the major customer that gives the business immediate short-term funding and means that we do not immediately have to consider mass redundancies.”

Presently, Avara Avlon Pharma Services employs roughly 270 members of staff at its 100-acre site in Avonmouth to manufacture a number of active pharmaceutical ingredients. As well as in the UK, the company also has operational sites in Ireland, US, Canada and France.

The premise was previously acquired from AstraZeneca in 2016, which is one of Avara Avlon Pharma Services’ primary customers.

Potential buyers of Avara Avlon Pharma Services Limited’s business and assets are invited to express their interest immediately.

For more news stories about administrations click here. For all our administrations listings, click here.


Share this article



Latest Businesses for Sale

Provider of Independent Testing
UK Wide

Provides comprehensive testing services for major organisations in the pharmaceutical industry, specialising in solutions for products that require batch certification and stability testing. Operates from fully fitted leasehold premises based in the...

Asking Price: Offers Invited
Turnover: £3m - £4m

LEASEHOLD


Purpose Built Residential Care Homes
West Midlands, UK

Early expressions of interest are invited for the sale of a portfolio of purpose built residential care homes conveniently clustered in the Midlands. Overall occupancy is at c. 84% and increasing, with strong levels of private paying clients

Asking Price: Offers Invited
Turnover: £3,689,000

LEASEHOLD


High-Street Pharmacy
Hertfordshire, South of England, UK

Well established pharmacy. Ground floor approximately 125 sq. meters. Suspended ceiling with concealed lighting. Retail counter, electronic cash register, display stands. At present staff operated.

Asking Price: Offers Invited
Turnover: £631,506

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
20
 
May
 

Administrators seek buyer for gourmet instant noodle brand | ADMINISTRATION

Bournemouth-based instant foods brand Mr Lee’s Pure Fo...

 
19
 
May
 

Knights continues acquisition-lead growth strategy with £11.5m deal for law firm | BUSINESS SALE

Legal services company Knights has acquired Portsmouth-headq...

 
18
 
May
 

Insolvencies forecast to surge 37 per cent in 2022 as inflation hits 40-year high | BUSINESS NEWS

Businesses in the UK look set to come under continuing press...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
13
 
Apr
 

Administrators considering sale of Brooks Brothers UK | ADMINISTRATION

The UK arm of business wear retailer Brooks Brothers has fal...

 
16
 
Mar
 

Elliot Group places three developments into administration | ADMINISTRATION

Building developer Elliot Group has placed three stalled dev...

 
20
 
Dec
 

AR tech company enters administration | ADMINISTRATION

An augmented reality technology enterprise, whose technology...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2022. Business Sale Report Ltd. All rights reserved. www.business-sale.com.