SP Group Limited enters administration

Wed, 25 Jul 2018 | ADMINISTRATION

Based in Redditch in the West Midlands, SP Group Limited is a leading producer of point of sale and display solutions for retailers and top brands. Allan Graham and Matt Ingram of global adviser, Duff & Phelps have been appointed as administrators of the business as of 24 July 2018.

Duff & Phelps cover valuation, corporate finance, investigations, disputes, cyber security, compliance and regulatory matters.

SP Group was recently sold by St Ives to SelmerBridge alongside Flintshire-based field marketing agencies Tactical Solutions UK and Flare, and large format graphics business, Service Graphics. These companies remain unaffected by the administration.

Allan Graham stated: “SP Group has suffered from a significant decline in turnover following the loss of key customer contracts last autumn and a further decline in customer-support since the business was acquired this spring. This has created a challenging financial situation for SP Group and has adversely impacted the cashflow and performance of the business in what is already a highly competitive market. This, combined with the increasing uncertainty impacting both the retail and hospitality sectors, is a contributing factor in why SP Group has gone into administration.

“We are now actively engaging with customers to understand their individual requirements. We are working with management to explore the options available to preserve as much of the business as possible, however there may be substantial job losses as a result of this process.”

A business with over 60 years experience in digital signage, temporary, semi permanent and permanent point of sale, retail windows, store ‘look and feel’ and Managed Production Services, the operations of SP Group Limited are largely situated in the retail and hospitality industries.

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


Share this article



Latest Businesses for Sale

Community Lifestyle Magazine
Leeds, West Yorkshire, Yorkshire and the Humber, UK

Published monthly for over 13 years, this successful family owned community lifestyle magazine presents an exciting opportunity for expansion in a thriving metropolitan area. Offers invited.

Asking Price: £250,000
Turnover: £350,000

Design & Printing of Custom Labels
South East, UK

Offers labels, ribbons, printers, servicing and maintenance contracts to provide clients with a complete package. Offers invited.

Asking Price: Offers Invited
Turnover: £1,800,000

LEASEHOLD


Design & Distribution of Marketing Brochures
UK Wide

Specialises in the design and distribution of marketing brochures for the Tourist, Accommodation and Poster display sectors to mention a few. This is a confidential sale. Offers invited.

Asking Price: £310,000
Turnover: £451,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
17
 
May
 

Greater Manchester staffing firm acquires security services company | BUSINESS SALE

A security services business headquartered in Newton-le-Will...

 
16
 
May
 

Midlothian IT company enters administration with assets up for sale | ADMINISTRATION

An Edinburgh-based IT firm has collapsed into administration...

 
15
 
May
 

Logistics recruiters and distributors snaps up Birmingham-based counterpart | BUSINESS SALE

Challenge TRG Group, headquartered in Wigan, has successfull...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
02
 
Feb
 

High street wine retailer Oddbins enters administration | ADMINISTRATION

Off-licence chain Oddbins has gone into administration. Its ...

 
22
 
Jan
 

Jewellery retailer enters administration | ADMINISTRATION

A Nottingham-based jewellery and watches company has fallen ...

 
15
 
Dec
 

Two pub companies enter administration | ADMINISTRATION

Mitchell’s of Lancaster (Brewers) Limited and York Bre...

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