Fri, 06 Sep 2013 | BUSINESS SALE
Curtain company Montgomery Tomlinson, located near Broughton, has been purchased by a venture capital company.
The business collapsed last month after struggling to find a buyer to take it forward. Will Wright, joint administrator of Montgomery, said that the company had been struggling to survive in “an increasingly competitive marketplace”.
Although a buyer could not be found before the company entered administration, the fact that a sale has now gone through should ensure a future for the business. Manchester-based investor Amin Amir from a2e Venture Catalysts is leading the purchase. The sale will see a management team take a 20 per cent stake in the company.
Mr Wright commented on the sale: “Since our appointment two weeks ago, we have been working tirelessly to ensure a sale of the business in order to minimise disruption to customers. We are particularly pleased that the sale opens up re-employment opportunities for a number of Montgomery Tomlinson’s former staff. We wish Montgomery Furnishings all the very best for the future.”
A large proportion of the jobs at the company will be safeguarded, among them office and factory positions and some department store employees.
__________________________________________________________________________
Related information:
Montgomery Tomlinson enters administration
View the latest businesses in administration
Here's a rare chance to acquire a financially robust builders merchants business with a strong foothold in Merseyside.
A well-established UK distributor renowned for high-quality bicycle components and accessories, serving both retail and trade customers nationwide, is available for acquisition.
This well-established specialist glazing business in Derbyshire boasts over 30 years of success, supported by a well-presented showroom and ample storage.
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.