Tue, 14 Feb 2012 | BUSINESS SALE
British aerospace firm, Hampson, has put itself up for sale this week, it has been reported.
The firm owes almost £55 million in debts, which the Telegraph reports is double its market capitalisation. The company is continuing to try and refinance its bank facilities.
A stock market statement from Hampson advised that the firm has appointed DC Advisory Partners and Sagent Advisors to manage the sale process.
The company has said that it has received “indicative offers” for its UK-based BHW Components unit and Indian operations, which were put up for sale in November.
A spokesperson is quoted in the Telegraph as saying, “Whilst discussions remain at a relatively early stage, indicative offers have been received for the businesses.”
In early trading, shares in the company fell significantly. As well as the sales auction, the tumble seems to have also been caused by issues identified during the testing and customer approval process for the group’s largest tooling order, which mean that some deliveries are now expected to move from fiscal year 2012 to 2013.
A statement from the company said, “The tooling delays … have resulted in an increase in working capital and borrowings, which is expected to continue in the short-term.”
An opportunity exists to purchase the business and assets of a UK based provider of website design and development, web hosting and web optimisation business operating two separate entities covering the north and south regions of England.
An opportunity exists to purchase the business and assets of an importer of fruit products, supplying the UK wholesale fruit market.
An opportunity exists to purchase the business and assets of a metal fabrication business operating in the south. The business is well-established and provides a metal fabrication capabilities for a range of applications.
14
|
May
|
Dovehaven Care Homes continues M&A drive with deal for Warrington site | COMMERCIAL PROPERTY
Care home operator Dovehaven Care Homes has acquired Calland...
14
|
May
|
Liquidators to be appointed at food and drink festival operator | ADMINISTRATION
A company that runs a food and drink festival in North Yorks...
14
|
May
|
UK administrations update: May 8 –14 | ADMINISTRATION
Since our last update, the following businesses have been co...
22
|
Nov
|
Hampson Industries sells BHW Components | ADMINISTRATION
Hampson Industries has entered administration and sold off i...
15
|
Feb
|
Hampson Industries for sale | BUSINESS SALE
Hampson Industries, the aerospace components and tooling sup...
30
|
Jun
|
Hampson Industries looks to sell off non-core assets | DIVISION SALE
Tool supplier Hampson Industries is in talks to dispose of s...
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
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.