Sell sideSector: Automotive manufacturing BUSINESS DESCRIPTIONUK headquartered high-end automotive manufacturing business with c.£45m revenue and employing c.460 people across 5 sites. DATE:August 2024 SITUATION- The business had experienced difficult trading since Covid resulting in liquidity difficulties, impacting its ability to supply customers. Administrators were appointed over the Company in January 2024 following the exit of several major customers.
A&M ROLE AND OUTCOMEA&M commenced a sale process under the supervision of the Joint Administrators who also continued to trade the business. The sale process was complex involving multiple stakeholders including key customers, asset finance providers and landlords. Despite this, A&M received interest for the business from a significant number of parties resulting in multiple credible offers for the business. As a result of the 6-month sale process, the business and assets were sold to Unipart Group in August 2024, preserving the majority of jobs and ensuring the continuation of operations and production for its key customers.
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