Wed, 15 Sep 2010 | BUSINESS SALE
Nottingham-based firm Trent Concrete, which specialises in pre-cast concrete, has fallen into administration following financial difficulties.
The firm, which has seen turnover fall dramatically over the past year after its pipeline of projects was hit by the downturn, cited 'cash pressures' as the reason for administration.
One of the projects the company has been working on of late was supplying pre-cast panels for London's Olympic Village construction.
Around 150 people are employed by the firm, but administrators KPMG - who are hunting for a buyer for the business - said that no redundancies had been made yet.
Richard Philpott, from KPMG Restructuring, said, “The business has historically been engaged in long term contracts and its pipeline of future work has suffered from the inherent uncertainties surrounding various public sector projects.
“We are optimistic that trading in receivership will be viable with stakeholder support and we anticipate considerable interest from potential buyers of the business as a going concern,” he added.
KPMG announced that Trent Concrete had two ongoing long term contracts yet to be completed.
One of its most recent jobs included Westminster College, where it fitted 1,500 square metres of white reconstructed stone cladding and 2,000 metres of projections and cills.
This vibrant and rapidly growing online business specialises in British craft beer gift hampers, tapping into both D2C and B2B marketplaces, making it an ideal investment for those looking to capitalise on the thriving gift industry. With a streamlin...
This niche business offers a rare opportunity to acquire a leading specialist in front garden design, restoration, and creation for period properties across South East England, with a strong reputation for high-quality finishes and heritage-sensitive...
Explore an opportunity to acquire a thriving multi-channel e-commerce brand with a considerable track record of success, specialising in fashion and gadgets.
|
22
|
|
Aug
|
Animalcare acquires new research programme for horses and dogs | BUSINESS SALE
York-based Animalcare Group plc has expanded its pipeline of...
|
22
|
|
Aug
|
Coastal Dorset development site with planning permission comes to market | COMMERCIAL PROPERTY
A prime coastal development opportunity has been launched to...
|
22
|
|
Aug
|
UK Government takes control of Speciality Steel after insolvency | ADMINISTRATION
Speciality Steel UK (SSUK) has been taken over by the UK gov...
|
22
|
|
Aug
|
UK Government takes control of Speciality Steel after insolvency | ADMINISTRATION
Speciality Steel UK (SSUK) has been taken over by the UK gov...
|
22
|
|
Aug
|
Coastal Dorset development site with planning permission comes to market | COMMERCIAL PROPERTY
A prime coastal development opportunity has been launched to...
|
22
|
|
Aug
|
Animalcare acquires new research programme for horses and dogs | BUSINESS SALE
York-based Animalcare Group plc has expanded its pipeline of...
Business Sale Report is the complete resource for finding genuine 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.