Mon, 26 Jul 2010 | BUSINESS NEWS
During the first half of 2010 almost one in ten (9.4%) of UK mergers and acquisitions involved distressed businesses. Of the 1,491 deals completed in the UK, 141 involved companies acquired out of administration or other formal insolvency procedure, according to research by Experian Corpfin on behalf of insolvency trade body R3. The total value of all distressed deals in the first six months of the year amounted to close to £519m (£518.505m).
Steven Law, R3 President, said: “Insolvent businesses continue to feature in a significant proportion of deals within the UK. The number of distressed deals has more than doubled since 2008 when one in twenty-five deals involved an insolvent business. The recession may have officially ended but distressed businesses and assets are continuing to come on to the market.
“For buyers with access to funding, there is the opportunity to extend their portfolio while values remain subdued. For the businesses themselves, an acquisition represents a fresh start and a chance to secure the jobs of the workforce.”
This well-established business in Suffolk is renowned for providing bespoke hydraulic, electric, and mechanical systems across various industries, with end-to-end solutions and a strong reputation for quality and reliability.
This well-established Buckinghamshire-based wholesale catering supplier offers a diverse range of fresh produce, dairy, and catering essentials to sectors such as hospitality and healthcare.
This well-established Essex-based business offers a comprehensive suite of bespoke luxury furniture services, from design to installation, catering primarily to private clients and developers.
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