Sample book and shade card manufacturer acquired from administration

Fri, 17 Jan 2020 | BUSINESS SALE



The business and assets of Yorkshire-based display products maker Travelfast Ltd have been acquired from administration.

Travelfast, which trades as Sampling International and is based in Batley, West Yorkshire, has designed and manufactured display products including sample books and shade cards since it was established in 2009.

In March last year, it became part of Bath-headquartered investment company Chelverton Equity Partners’ (CEPS) trading company CEM Press Ltd. This acquisition saw it join CEPS business portfolio along with fabric manufacturer CemTeal Ltd.

With the £1.2 million acquisition Of Travelfast Ltd, CEPS hoped to create one of the UK’s largest pattern book and shade card manufacturers, operating from two production facilities.

In December 2019, however, CEPS said it would divest its investments in CEM Press and Travelfast Ltd, saying it was unable to achieve cost savings "despite management's efforts and cash injections from since March 2019".

This month, CEPS appointed Moorfields Advisory Limited as administrator and recommended an accelerated marketing process with a view to a sale of the businesses.

Moorfields has now sold Travelfast’s business and assets to the newly formed company Sampling International Enterprises Ltd, which will continue trading as Sampling International.

The new company is connected to Travelfast founding member and former major shareholder Stephen Hubbard, who became Managing Director of CEM Press Limited when Travelfast was acquired in March last year.


Share this article



Latest Businesses for Sale

Sign Writing & Tool Business
West Midlands, UK

Large multi facet sign writing and tool business. Retainership available. Loyal client base. Offers invited.

Asking Price: £1,100,000
Turnover: £1,500,000

Window & Door Manufacturer & Installation
Wigan, Manchester, North West, UK

Well-established and busy window manufacturing and installation business in Wigan, Greater Manchester. The turnover is derived from the manufacture and installation of UPVC windows, doors, conservatories, orangeries and composite doors. The business...

Asking Price: £650,000
Turnover: £1,499,000

FREEHOLD


Embroidery Business
London, UK

Fantastic embroidery business with excellent reputation. This is a relocatable business opportunity. Handover period offered if required. Offers invited.

Asking Price: £259,950
Turnover: £669,396

RELOCATABLE



View more businesses for sale

News Search

Latest News

 
05
 
Jun
 

Azzurri Group exploring options for sale | BUSINESS SALE

Azzurri Group has engaged advisers to explore a potential sa...

 
04
 
Jun
 

Frankie & Benny’s owner to permanently close 120 restaurants | BUSINESS NEWS

The Restaurant Group, which owns chains including Frankie & ...

 
03
 
Jun
 

28 Oddbins stores saved after acquisition by unnamed buyer | BUSINESS SALE

28 Oddbins stores will remain open after the off-licence ret...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
14
 
Jun
 

Loughborough company files notice to appoint administrator | ADMINISTRATION

Sunline Direct Mail (SDM), an e-commerce and direct mail fir...

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