Titan Ladders to enter administration

Wed, 10 Jun 2015 | ADMINISTRATION

Titan Ladders Limited is set to enter administration unless a buyer for the distressed business can be found quickly to turn things around.

The business has been trading for more than 80 years and boasted an annual turnover of £5.5 million, but financial struggles have gotten the better of the established ladder manufacturer.

Mazars, a Bristol-based accountancy group, has been appointed to handle the distressed company affairs and oversee the impending administration process.

Tim Ball, who is leading that effort for Mazars, spoke to SouthWest News about the administration: “It is very sad to see another long-established British manufacturing business struggling to compete with overseas competition and internet sales.

“A number of redundancies have already taken place and the company will enter administration in the coming days. The proposed administrators are actively seeking a buyer for the business and assets.”

The business manufactures various types of ladders including aluminium, timber, fibreglass and steel for both home and business use. It is the biggest ladder manufacturer of ladders in the UK but this has not saved the business from having to look at administration.

Bruce Candy, one of the company's directors, said that they would like to “thank all of their trading partners for their loyalty and support over the years” adding that the group regretted the “need to take this action”.


View more British businesses in administration.


Share this article



Latest Businesses for Sale

Range of Boxed & Ex-Display Lighting & Accessories (Fast Sale)
UK Wide

Closing From 10am Monday 25 March 2019. Subscribe for more information and seller contact details.

Asking Price: Offers Invited
Turnover: £500k - £1m

Newsagents & Card Shop
Royton, Oldham, Manchester, UK Wide

Shopping precinct trading location. Spacious premises. Parking to rear. Mainly managed by staff. Offers invited.

Asking Price: £79,950
Turnover: £480,000

LEASEHOLD


Garage & MOT Station
Aughton, Sheffield, South Yorkshire, Yorkshire and the Humber, UK

Established Since 1990. Automated MOT Test Station completed with reliable and experienced staff. This is a retirement sale. Offers invited.

Asking Price: £359,950
Turnover: £358,198

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
18
 
Mar
 

Buyer sought for Leeds pub group | ADMINISTRATION

Administrators for pub group headquartered in Leeds are on t...

 
17
 
Mar
 

Tavistock places two North East pubs for sale | BUSINESS SALE

The Lambton Worm and The New Plough pubs in County Durham ha...

 
16
 
Mar
 

Construction mogul Dawnus braces itself for administration | ADMINISTRATION

Dawnus Construction, the property development giant based in...

Free guide: 10 Biggest Buyer Mistakes

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

Email


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