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.
The company designs, manufactures and supplies a standard range of mass-produced components, including ACDC converters, transformers, audio / telecoms equipment and power supplies. In addition, it is able to fulfil bespoke design enquiries and pro...
LEASEHOLD
Manufactures timber-framed doors and windows for summer houses, log cabins and garden rooms, offering a range of attractive styles made from high-quality materials. Operates nationally, catering to 35 clients in the garden building trade, many of who...
LEASEHOLD
The company supplies textile speciality chemicals, industrial colourants for multiple industry sectors and other auxiliary chemicals. Priding itself on its exceptional products, the company operates internationally, benefitting from a wide-ranging an...
LEASEHOLD
27
|
Jan
|
Administrators to sell assets as office furniture maker collapses | ADMINISTRATION
Bluespot Furniture, a West Yorkshire-based furniture manufac...
26
|
Jan
|
UK M&A down 16 per cent in 2022, but sentiment remains optimistic | BUSINESS NEWS
New analysis from PwC has revealed that UK M&A activity decl...
26
|
Jan
|
Private equity-backed law firm targeting further M&A in 2023 | BUSINESS NEWS
Stowe Family Law, a Leeds-headquartered specialist family la...
Sign up to receive our acquisition alert emails to get your FREE guide
14
|
Jun
|
Loughborough company files notice to appoint administrator | ADMINISTRATION
Sunline Direct Mail (SDM), an e-commerce and direct mail fir...
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