Tue, 01 Jul 2025 | BUSINESS SALE
B&H.PT Limited, a Manchester-based aerospace manufacturer, has been rescued from administration after being acquired in a pre-pack deal. The company specialises in the manufacture and sub-assembly of aerospace components.
The business operates from two sites in Reddish and Stockport and generates annual revenues of around £6.5 million. However, it had recently encountered cashflow difficulties as a result of high operating costs and reduced sales volumes, along with broader adverse market conditions.
Richard Goodall and Simon Farr of FRP Advisory were appointed as joint administrators of the business on June 20, 2025. Prior to their appointment, B&H.PT's directors worked with FRP to review the company’s options, support the business through critical cashflow management and undertake a targeted accelerated sale process.
As a result of these steps, the administrators were able to successfully finalise a pre-pack sale to ASG Tooling on the same day of their appointment in a deal that secures all 40 jobs at the company.
ASG Tooling, which is also based in Manchester, is a connected company operating within the wider engineering and manufacturing group ASG.
The pre-pack deals includes the transfer of B&H.PT’s work-in-progress, intellectual property, stock and unencumbered plant and machinery. The acquisition will provide strategic flexibility and surge capacity for ASG’s aerospace division, bolstering its long-term operational resilience.
Joint administrator and FRP director Richard Goodall commented: “Securing a future for this long standing manufacturing business has been our priority throughout the process. The transaction provides stability and continuity for customers and suppliers, long term operational resilience for the business.”
In accounts for the year ending March 31 2024, B&H.PT. Limited’s fixed assets were valued at £1.3 million and current assets at just short of £6 million. However, the company’s net liabilities at the time totalled approximately £630,000.
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