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
  • Video Insights
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / SP Group Limited enters administration

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

Provider Of PR & Advertising Services For The Technology & Electronics Sector
South East, UK

The company provides a range of communications services to clients in the technology and electronics sectors. Services include PR, advertising, content creation, web design and social media management.

Asking Price: Offers Invited
Turnover: £1,100,000

LEASEHOLD


Digital Marketing, E-Commerce & Web Development Agency
UK Wide, East of England

A top performing, business-focussed Digital Marketing and Web Development Agency. This fast growing organisation operates nationwide and offers a full range of digital marketing services, with extensive capabilities in the provision of sophisticated...

Asking Price: Offers Invited
Turnover: £1,100,000

LEASEHOLD


Data & Digital Marketing Services
Northern England, UK Wide

Highly regarded business operating over a span of nine years. Assists blue-chip organisations enhance their operational efficiencies and secure a pipeline of future work through data-centric lead generation and telephony services.

Asking Price: Offers Invited
Turnover: £1,360,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
24
 
Feb
 

Nestlé acquires recipe kit firm SimplyCook | BUSINESS SALE

Nestlé has strengthened its position in the e-commerc...

 
23
 
Feb
 

Lockdown exit: What does the road map look like for UK businesses? | BUSINESS NEWS

After a winter spent almost entirely in lockdown, the govern...

 
22
 
Feb
 

Modular Group acquires Euramax Solutions with BFS backing | BUSINESS SALE

Modular Group Investments has acquired Barnsley-based window...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
28
 
Oct
 

Arlington Automotive acquired out of administration by Ricor Global | BUSINESS SALE

Arlington Automotive North East has been acquired out of adm...

 
22
 
Jul
 

Essex-based cruise line goes into administration | ADMINISTRATION

Cruise & Maritime Voyages (CMV) has gone into administration...

 
07
 
Jul
 

Construction contractor owed creditors £11m when it collapsed | BUSINESS NEWS

Lancashire-based contractor Construction Partnership UK owed...

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



© 1995-2021. Business Sale Report Ltd. All rights reserved. www.business-sale.com.