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 was 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.”
If you are interested in finding out more about how our business rescue team may be able to help your company, get in touch with us today.