SECTOR

Manufacturing (Automotive Supply Chain)

BUSINESS DESCRIPTION

A £32m turnover Company, which formed part of a wider specialist engineering group, with operations across the UK. The Company operates in the manufacture of specialist aluminium components, primarily to the automotive industry.

DATE

November 2021​

SITUATION

• The business was impacted by a general downturn in the sector, coupled with the loss of a small number of key customers. The business was not able to reach break-even production volumes and the Group took the decision to look for a buyer.​

A&M ROLE AND OUTCOME

• Assisted the Board in managing its cash flow and negotiating additional funding and developed contingency plans in the event a sale of all or part of the business was not secured.​

• Launched an accelerated sale process for the business, to invite offers on either a solvent or insolvent basis.

• The A&M accelerated sale process resulted in the completion of a solvent sale of the majority of the group’s business and assets.​