Wed, 13 Sep 2023 | BUSINESS SALE
Stairlift retailer Dolphin Lifts Midlands has been acquired out of administration by elevator, escalator and stairlift provider Deltron Lifts. The company fell into administration on August 31 2023, with FRP Advisory’s Benjamin Neil Jones and Rajnesh Mittal appointed as joint administrators.
The joint administrators subsequently secured a sale of Dolphin Lifts Midlands’ business and certain assets to Deltron Lifts. Deltron provides a wide range of services, including: maintenance and repair of all types and makes of passenger and goods lifts; refurbishment, installation, testing and commission of new lifts: modernisation and refurbishment.
The Birmingham-based firm provides services across Central England, London and the South Coast. Its acquisition of Dolphin Lifts Midlands follows its takeover of specialist mobility aids retailer Snowdrop Independent Living in March 2023.
Dolphin Lifts Midlands was founded more than 30 years ago and based in Tipton. The company covered a significant area of the West Midlands and specialised in supply, installation, maintenance and repair of a wide range of access solutions. The company’s customer base included private customers and local authorities.
The family-owned business, which was acquired in 2007, had moved into a new facility, including new offices, a warehouse and showroom in autumn 2019 as it sought to support its growth. Despite this, the company fell into insolvency, although few details have been disclosed regarding why the business entered administration.
In its most recent accounts, for the year ending June 30 2022, Dolphin Lifts Midlands’ fixed assets were valued at £202,732 and current assets at £1.6 million, while net assets amounted to £343,706.
Read about using M&A to unlock value and growth during a financial downturn
Established in 1993 this business’s services include diagnostics, reconditioning, supply, and testing for both diesel and petrol fuel injection equipment across all makes. They specialise in offering servicing, repairs, tires, and MOT for a wide rang...
This well established business has been trading since 2013 and based in Cheshire providing repairs and replacement window screens for vans, cars and commercial vehicles.
The business was established in 2011 and has gone from strength to strength in recent years which can be demonstrated. Their expertise lies in providing commercial and industrial flooring solutions across the UK, with a base in the north-west England...
Interflex Limited, a manufacturer of automotive parts in Not...
Fox Industrial Services Limited, a construction firm based i...
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
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.