Buyers showing interest in luxury hotel furniture manufacturer

Mon, 16 Mar 2015 | BUSINESS SALE

A number of buyers have shown an interest in a Nottingham-based luxury hotel furniture manufacturer, administrators have confirmed.

Buyers have already expressed interest in PTT Design Ltd after it went into administration on 4 March. Nick Edwards and Tyrone Courtman of PKF Cooper Parry were appointed joint administrators.

At the time of appointing administrators, 35 members of staff were made redundant, but the firm has continued to trade. Founded over 20 years ago, PTT Design manufactures furniture for the bathroom suites, receptions, restaurants and bars in London hotels.

Many high profile hotels in London have used products by PTT Design, including the London Hilton Park Lane, the Jumeirah Lowndes Hotel and The Balmoral.

Courtman, a restructuring partner at PKF Cooper Parry, said that he was “very confident” that they would secure a buyer for the company. He added: "We are delighted to report that we have already received a number of expressions of interest in the business which we are currently pursuing.”
Related information:
Furniture designer for sale
Help on turning around a struggling business

Share this article

Latest Businesses for Sale

Manned & Electrical Security Solutions
South East, UK

Provides an extensive range of manned and electrical security solutions, including manned dog patrols and CCTV installation. Established for nearly 20 years. Utilises an in-house 24-hour control room for monitoring and response. Offers invited.

Asking Price: Offers Invited
Turnover: £3,100,000


Complete Package of Pearpoint Pipeline Inspection Equipment (Fast Sale)
UK Wide

Viewing: Anytime In Normal Office Business Hours. Closing From 12 Noon Thursday 20th June.

Asking Price: Offers Invited
Turnover: £300k - £1m

Products & Contracting Services
UK Wide

Project Lake carries out contracting services for soil and water erosion control and ecological restoration projects, also supplying some of its own products into these projects at a healthy profit margin. Project Lake has four distinct areas of rev...

Asking Price: Offers Invited
Turnover: £5,000,000


View more businesses for sale

News Search

Latest News


Meat and poultry wholesaler goes under - business assets up for sale | ADMINISTRATION

Financial difficulties at a London-based meat and poultry di...


Administrators called in for West Midlands contractor | ADMINISTRATION

A contractor based in Aldridge, West Midlands has collapsed ...


Sheffield candle retailer enters administration | ADMINISTRATION

A shop retailing candle and gifts in Sheffield has collapsed...

Free guide: 10 Biggest Buyer Mistakes

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


Related News


Administrators drafted in to work training provider | ADMINISTRATION

Administrators from PKF Cooper Parry have been brought into ...

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