Our business rescue team were recently appointed as administrators for a Trafford based business, following a difficult period of trading which rendered the company insolvent.
After a short marketing campaign, an offer was received for the business and its assets, which was subsequently recommended for acceptance. The sale completed on 8 July, with 19 jobs being saved.
Jason Elliott, partner at The Insolvency Experts, said: “It is always our aim to secure jobs and maximise the value in the business to ensure the best result for creditors and this has been a good example of how important it is to seek early advice to achieve the best possible outcome.”
“We are delighted that so many jobs have been saved as a result of the sale.”