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

E-Cigarette Retailer
Lichfield, Staffordshire, UK Wide

This is a perfect opportunity to take on a well-established vape business with three busy premises that are all brimming with stock. Appealing to a current owner-operator of an e-cigarette related business or an entrepreneur passionate about the indu...

Asking Price: Offers Invited
Turnover: £300,000

LEASEHOLD


Vape Retailer & Lounge
Nuneaton, Warwickshire, UK Wide

Brilliant twofold business, which boasts a well-fitted premises, central location and solid customer base. Professional service and high quality products have helped to grow this business into the successful venture it is today. Current owner willing...

Asking Price: £140,000
Turnover: £300,000

LEASEHOLD


Multi Brand Electronic Cigarette Retailer
Ashton-under-Lyne, Manchester, UK Wide

Profitable E-Cigarette retailer in a fast growing industry. Enjoys reputation for multi-branded E-cigarette retailer. Business is immaculately fitted to an exceptional standard. Currently operated under management with minimal owner involvement. Offe...

Asking Price: £125,000
Turnover: £416,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
13
 
Nov
 

Intermet Refractories completes MBO deal | MBO/MBI

Intermet Refractories, a metal casting component manufacture...

 
10
 
Nov
 

BT to sell off its fleet division | DIVISION SALE

BT Group is preparing to sell its fleet management arm encom...

 
08
 
Nov
 

Open Cell to merge with Stratto | MERGER

Global investment firm, Digital Colony has acquired Open Cel...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
25
 
Oct
 

Yorkshire manufacturer completes MBO | MBO/MBI

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

 
16
 
Aug
 

Steel fabrication firm enters administration | ADMINISTRATION

Rippin Limited, a Scottish structural steel manufacturer, ha...

 
18
 
Jul
 

Restaurant group Gaucho on the verge of administration | ADMINISTRATION

Gaucho restaurant group faces going into administration as i...

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