Wed, 29 Sep 2021 | BUSINESS SALE
Jabero Consulting, a software solutions firm in the construction and rail sector, has been sold after entering administration earlier this month. The Hastings-based company provided software to support planning and management for critical infrastructure projects and worked with clients such as Network Rail and Stobart Rail.
Jabero, which was founded in 2012, ran into cashflow difficulty as a result of the COVID-19 pandemic’s impact on business in the rail sector. The pandemic meant that the firm experienced longer sales and onboarding processes for new business and, by July of this year, its workstream had declined by 70 per cent.
Administrators David Kemp and Richard Hunt of SFP were appointed on September 16 2021. On September 22, the administrators secured a sale of the business and full transfer of employees to WorksiteCloud Ltd.
David Kemp said: “Helping small businesses after the pandemic is something we are very passionate about, so this sale has been a great opportunity for us to ensure the company survives along with the current and future employment of skilled workers.”
“With WorksiteCloud, the future of Jabero’s software solutions will continue to support work in key UK sectors technology as the economy begins to recover.”
Find businesses for sale here.
If you are looking for an exit, we can help!
An opportunity has arisen to acquire an IT network support service provider based in the North of England. With more than a decade of trading history, this business has attained a strong market position as a specialist providing critical network infr...
An opportunity has arisen to purchase a Managed Service Provider (MSP) and IT consultancy based in Southeast England. The company is well-established, with a trading record spanning over 25 years.
An opportunity has arisen to acquire an IT company based in Aberdeenshire. This profitable business has grown consistently since it was established in 1989 to provide a portfolio of key IT support and services to its loyal customer base throughout Sc...
26
|
Jul
|
Tunnelling construction technology company falls into administration | ADMINISTRATION
A tunnelling construction technology company based in Basing...
26
|
Jul
|
Sumer firm RMT completes second deal of the year | MERGER
RMT Accountants & Business Advisors, which is part of the Su...
25
|
Jul
|
Occupational health service provider secures PE backing for acquisitions | BUSINESS NEWS
A Hull-headquartered provider of occupational health service...
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.