Wed, 11 May 2011 | BUSINESS SALE
Administrators are exploring options for fit-out specialist, Isis Projects - including finding a new owner for the company - after it collapsed into administration yesterday.
The Central London-based company became the second fit-out specialist to collapse in the last few days, following the misfortunes of Advanced Interiors, which fell into administration earlier this week.
Both companies had been members of the Association of Interior Specialists and had collected numerous awards for their work on large-scale interior projects, including a number of high-profile airport projects. It is thought, however, that increasingly cut-throat margins took their toll on both companies, and prospective buyers are now being sought.
Isis has taken great pride in recent years in reinvesting 10 per cent of its profits in employee training and education programmes. Its client list includes a raft of blue chip companies including the BBC and Heathrow airport.
The company was purchased two years ago by the former chairman of Reading Football Club, Roger Smee, who aimed to make it part of the 'one-stop-shop' service offered by his Real Office Group for the building needs of commercial clients. Its annual turnover in 2009 was £12 million.
Roderick Butcher from the Birmingham insolvency specialist Butcher Woods is handling the administration.
An established MOT and service centre positioned in the vibrant community of Portslade, Brighton, presents a unique opportunity for investment in East Sussex's automotive service industry.
A licensed restaurant in Brighton, East Sussex, featuring alfresco seating for 60 covers, is available for purchase.
LEASEHOLD
Opportunity to acquire a maintenance grooming equipment business in Brighton at a reduced price for a quick sale.
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.