BUSINESS AND ASSETS SOLDMANUFACTURER OF PASSENGER TRANSPORT SEATING AND OTHER BESPOKE FURNITURE – ROWAN-TELMAC LIMITED

Conrad Beighton and Stuart Robb of Leonard Curtis, the Joint Administrators of Rowan-Telmac Limited, are urgently seeking interested parties for the acquisition of this long-established manufacturer of transport seating and bespoke furniture, based in Telford, Shropshire and Coventry, West Midlands.

Key Features

•   Established in 1981. Incorporated in 1987
•   Current turnover £1.69m
•   Local and national customer base
•   Trades from freehold premises in Telford, Shropshire and leasehold premises in Coventry, West Midlands
•   The Company manufactures the following
•   o Passenger seating
•   o Bespoke furniture for customers, including retail clients.
•   o High quality burr-free pressings and welded assemblies
•   Ability to manufacture seating in its entirety, including metalwork, woodwork, and upholstery.
•   33 employees, of which 32 have been made redundant on appointment for economic, technical or organisational reasons. Any parties interested in the business may have the opportunity to re-employ certain employees.

Opportunity

•   Assets available for sale include:
•   o Freehold Property
•   o Goodwill
•   o Stock
•   o Plant & machinery
•   o Office furniture & equipment
•   o Motor Vehicles
•   In the event that a purchaser does not wish to acquire the freehold property, the Joint Administrators will consider granting a short-term licence to occupy the premises, if required.

Offers

•   Offers and proof of funding sought by 5pm on Friday 2 November 2018, with completion by 9 November 2018.
•   All interested parties will be requested to sign a non-disclosure agreement and specifically deal with the Joint Administrators, being Insolvency Practitioners of Leonard Curtis.

Contact Details

Katie Wells
Leonard Curtis
85-89 Colmore Row
Birmingham
B3 2BB
katie.wells@leonardcurtis.co.uk