Manufacturing | UK | Offers are invited around £150k. Turnover The business was formed some 20 years ago and was a leading manufacturer and supplier of quality PC systems to both commercial and domestic customer bases. In its peak, this business had a turnover of in excess of £8m and a production facility employing 50 assembly line workers.
The business gained an enviable reputation in the supply, delivery and installation of IT systems to the public sector including universities, the MOD, central government bodies and H.M Customs & Excise. Other major clients include large national blue-chip companies such as BP, BA Fuji and more.
With the restructuring of PC manufacturing in the UK, the business changed its focus to the development and licensing of ecommerce applications and has a number of in-house designed applications with attractive registered domain names. These applications have a range of users although are based upon the delivery of products or services through the use of combinatorial statistics.
Recently, the business has experienced a significant down turn in its activities and has such accumulated significant tax losses. These transferable losses will be of benefit to any profitable purchasing party. The opportunity is expected to generate strong interest from competitive businesses operating in the parameters of the UK SIC Codes if 3002 or 7221.
The managing director is available post completion to assist with a smooth handover and can be retained in an ongoing basis if required. The business operates from centrally located leasehold premises although it is expected that the lease will not be required by any purchasing party.
The business continues to trade and the sale is instructed on a share transfer basis to include a Net Asset Value of approx £10,000.
Offers in excess of £150k are invited for the shares of the business.
turner parkinson LLP is a Manchester based commercial law firm, specialising in SMEs and owner managed businesses with a turnover between £0.5m - £20m.
