Specialist manufacturing business in administration

Mon, 20 Apr 2015 | ADMINISTRATION

A specialist manufacturing business has been put into administration by a team from KPMG.

Cermatco Ltd, a Kent-based firm which focuses on the development and manufacture of ceramic materials for use in dentistry, entered administration this month due to cashflow problems.

Joint administrators William Wright and Mark Orton from KPMG have been appointed to handle matters. They have confirmed that Cermatco Ltd will be traded as a going concern while a buyer is sought for the distressed business.

Mr Wright, who is also a partner with KPMG, commented: “Cermatco is an advanced manufacturer working at the forefront of the ceramics industry. Given its proximity to Europe, skilled workforce and quality product offering, we are confident that there will be interest from the market and a buyer can be found to take the business forward.”

The company is historically profitable but cashflow issues forced the directors to place the company into administration.

Cermatco has been in operation for over 20 years. All of its products are manufactured in its purpose-built factory in Kent in a location easily accessible to the Eurotunnel and the Channel ports, aiding the business to reach out to the European market.

______________________________________________________________________
Related information:

View the latest businesses in administration.


Share this article



Latest Businesses for Sale

Luxury Kennels & Cattery
Yorkshire and the Humber, UK

Luxury kennels and cattery with professional grooming parlour (licensed for 142 dogs and 26 cats) in Peterborough for Sale. An opportunity to acquire this luxury kennels and cattery with stunning spacious four bedroom detached residence which must be...

Asking Price: £1,500,000
Turnover: £522,542

LEASEHOLD


Haulage Business
South Wales, Wales, UK

The business has been established for a number of years and has been owned and operated by the founder since that date. Offers invited.

Asking Price: £850,000
Turnover: £2,595,443

FREEHOLD


Bar & Function Room
Ilkley, Yorkshire and the Humber, UK

Situated in the heart of Ilkley town centre just off the busy Brook Street. The yard is a stylish bar offering a wide range of drinks, good, quality food, music with varied DJ’s and live artists all encompassed in an interesting layout. Offers invite...

Asking Price: £775,000
Turnover: £600,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
22
 
Mar
 

Scunthorpe nightclub up for sale | BUSINESS SALE

A former nightclub based in Scunthorpe has been put up for s...

 
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...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
12
 
Jan
 

North East furniture manufacturer has entered administration | ADMINISTRATION

Godfrey Syrett, which describes itself as a “true Brit...

 
05
 
Jan
 

Airline’s engineering arm enters administration | ADMINISTRATION

Monarch’s last surviving division has fallen into admi...

 
25
 
Oct
 

Yorkshire manufacturer completes MBO | MBO/MBI

Senior Architectural Systems, a window and door manufacturer...

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