Viking Trailers enters administration, seeks buyers

Wed, 19 Sep 2018 | ADMINISTRATION

Specialist manufacturing company Viking Trailers have fallen into administration and are actively seeking interested parties to buy the business and the assets.

Established in 1972 and based in Bacup, Lancashire, very near Rossendale, Viking Trailers’ business model specialises in storage goods and materials handling equipment. Its primary focus is in the air cargo industry, but also caters to numerous blue-chip clients.

Viking Trailers cited financial difficulties and significant cashflow issues as a result for its downfall. In recent months, the company has faced a number of challenges in the form of lost or damaged orders from its most prominent customers which has consequently put a financial strain on the business.

Partners Anthony Collier and Ben Woolrych from FRP Advisory have been appointed as joint administrators, who are in the process of accessing their ability to continue trading operations as they place the business and its assets on the market for sale.

All 39 employees of Viking Trailers have been retained to date.

Collier commented: “Viking Trailers is a renowned manufacturer of high-quality handling and storage equipment, and it has built an international reputation for quality, safety and durability in movement and handling solutions.

"Significant delays to a number of key orders had caused severe cashflow difficulties and this ultimately led to the company entering administration. Our focus is now on seeking a buyer for the business and its assets, and we would encourage any interested parties to contact the joint administrators as soon as possible."

To find the administration listing for Viking Trailers, click here.

For all our administrations listings, click here. For more news stories about administrations click here.


Share this article



Latest Businesses for Sale

Varied Insulated Wire & Cable Products Manufacturer
UK Wide

Designs, develops and manufactures a broad range of cable solutions based on a diverse process capability that enables the company to provide cost effective, quality cabling solutions across various market sectors. Offers invited.

Asking Price: Offers Invited
Turnover: £1,450,000

LEASEHOLD


Steel & Aluminium Products Manufacture & Installer
South East, UK

Well-established company operating for over 24 years. Carries out structural, architectural, mechanical and machining works. Offers invited.

Asking Price: Offers Invited
Turnover: £2,300,000

LEASEHOLD


Air Conditioning, Ventilation Manufacturing Specialist
UK Wide

Fantastic opportunity to acquire this well-established air conditioning, ventilation & manufacturing specialist covering design, installation, refurbishment and aftercare/maintenance. Offers invited.

Asking Price: Offers Invited
Turnover: £4,255,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
19
 
Feb
 

Pharmaceutical manufacturer enters administration | ADMINISTRATION

A pharmaceutical manufacturing company based in Bristol has ...

 
16
 
Feb
 
 
16
 
Feb
 

Historic hotel put up on the market | BUSINESS SALE

A historic hotel located in Haltwhistle, Northumberland has ...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
17
 
Jan
 

Fine paper business enters administration | ADMINISTRATION

Arjowiggins UK, which operates a number of trading companies...

 
28
 
Aug
 

Property development companies call in administrators | ADMINISTRATION

Two Bradford-headquartered property companies have been forc...

 
20
 
Jul
 

Law firm appoints administrators following financial collapse | ADMINISTRATION

A north west law firm has been placed in administration foll...

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