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

Manufacturer of Trenching & Drainage Equipment
UK Wide

Operates globally, with circa 66% of customers based outside the UK. Long-standing relationships with customers in the agricultural, leisure and civil engineering sectors, with some spanning up to 30 years. Retirement sale. Offers invited.

Asking Price: Offers Invited
Turnover: £2,160,430

FREEHOLD


Speciality Chemicals Manufacturer, Agent & Distributor
UK Wide

The business is a long established manufacturer, agent and distributor of speciality chemicals, largely plasticisers and dispersions (catalyst pastes) used mainly in the sealants, adhesives, plastics and coatings sectors for the UK and international...

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

LEASEHOLD


Manufacturer & Retailer of Textiles
UK Wide

This long established company is a second generation family business specialising in the design, manufacture, installation and retailing of blinds, fabrics and wallpapers. Offers invited.

Asking Price: Offers Invited
Turnover: £500,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
10
 
Jul
 

Mobile phone supplier and recycler goes into administration | ADMINISTRATION

Mobile phone refurbishment company Redeem UK has gone into a...

 
09
 
Jul
 

John Lewis to close eight stores as COVID-19 accelerates shift to online | BUSINESS NEWS

Department store chain John Lewis has said that eight of its...

 
09
 
Jul
 

Chancellor cuts VAT on hospitality as part of £30 billion rescue plan | BUSINESS NEWS

Chancellor Rishi Sunak has announced a £30 billion pla...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
29
 
May
 

Monsoon Accessorize close to administration | ADMINISTRATION

Fashion retailer Monsoon Accessorize is close to entering ad...

 
09
 
Apr
 

Long Eaton furniture manufacturer enters administration | ADMINISTRATION

Long Eaton-based furniture group JDP Furniture has entered a...

 
19
 
Feb
 

On-demand laundry app snapped up after administration | BUSINESS SALE

Laundrapp, an on-demand laundry service which was touted as ...

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