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Project Grillo

Gateshead

Ref: 2794
Category: Construction Business
Location: Gateshead, NE16 3AS
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More Information

 

An opportunity has arisen to acquire the trade and assets of the business via an accelerated process to be carried out by a third-party licenced insolvency practitioner.

 

Offers are being sought for the trade and assets – interested parties must demonstrate available funds of £15m;

 

Any purchase is expected to be undertaken through an Administration Insolvency Process and the usual insolvency sale provisions will apply;

 

Best and final offers are being requested by 5 pm (GMT) on Monday 20 June 2022 with the view to completing the transaction within the shortest duration thereafter; and

 

Further information can be obtained following the completion of a non-disclosure agreement.

 

 

Key points
  • The business has a turnover in excess of £50m
  • The company provides a range of services to the public, private and residential sectors of the construction industry
  • Asset base includes property, owned plant & machinery, debtors and a substantial forward order book
  • Strong work pipeline across a range of sectors
  • Highly experienced, respected workforce