Fri, 14 May 2010 | ADMINISTRATION
Resistance welding components specialist, R&W Cushway & Co Limited, has entered administration, with the appointment of Geoff Rowley and Jason Baker of Vantis Business Recovery Services.
The recession and difficult trading are the factors behind the situation, according to Steve Herrington, a director at the firm. He says, "the volume of work required in keeping the business viable has not been available."
The administrators are currently seeking buyers for the business, while it continues to trade in order to finish its incompleted works. Vantis made 12 redundancies on appointment.
Of the administration, Mr Baker said: "The continued decline of the automotive industry has badly affected R&W Cushway & Co Limited and, consequently, the Directors had no alternative other than to place the company into administration."
A family-operated business based in Waltham Abbey, Essex, it has supplied niche resistance welding consumables to the automotive and general welding trades for more than 70 years.
The company website informs visitors that its revenues are in excess of £3.5m, and that it has good levels of raw materials consistently available. There is also substantial stock of completed components to ISO and BS807 standards.
Opportunity to acquire a well-established independent wholesaler situated in the North of England, offering a solid foundation for expansion.
This is an exciting prospect to acquire a well-established heavy and precision engineering business serving both UK and European markets.
There is an exciting opportunity to acquire an award-winning media business specialising in the production of children’s TV programmes.
02
|
Jul
|
East Midlands lanyard manufacturer acquired by global labelling giant | BUSINESS SALE
Humphreys Holdings Limited, an East Midlands-based designer ...
01
|
Jul
|
PE-backed accountancy swoops for 65-strong East Midlands firm | BUSINESS SALE
Private equity-backed accountancy Duncan & Toplis has acquir...
01
|
Jul
|
Manchester-based aerospace firm rescued with pre-pack deal | BUSINESS SALE
B&H.PT Limited, a Manchester-based aerospace manufacturer, h...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
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.