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.
This unique and renowned freehold bar and restaurant in the heart of York City Centre offers over 250 covers across its spacious interior, pavement seating, and a rare rooftop terrace.
FREEHOLD
A well established and strongly profitable engineering business, located in the Midlands. The company will be an attractive acquisition for both a larger trade buyer and also those looking for a stable engineering business.
This European pharmacy manufacturer specialises in providing custom clinical trial batches for leading pharmacy companies across the continent, playing a crucial role in their R&D efforts.
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.