On behalf of RSM Restructuring Advisory, Hilco Streambank is seeking offers to acquire the business and assets of a specialist commercial window and glazing supplier with a manufacturing business in the North East (the “Company”).On behalf of RSM Restructuring Advisory, Hilco Streambank is seeking offers to acquire the business and assets of a specialist commercial window and glazing supplier with a manufacturing business in the North East (the “Company”).
Business Background
This an opportunity to purchase the trade and assets of a business that designs, manufactures, and installs high specification glazing products. The Company supplies an extensive range of products, including high security, specialist blast and fire-resistant windows and doors. The product portfolio features a number of commercially available systems including Schuco Jansen, Voest Alpine, RP Technik & Forster profiles. The business offers a variety of in-house designed products for the healthcare and commercial sectors.
The Company’s route to market is B2B, through main contractors, local authorities & healthcare providers. The business has existing relationships with a number of architects and other design professionals that allow it to gain specification commitments at an early stage of projects.
For the 2019 financial year, the Company generated revenues of circa £4.2m, with a gross profit of circa £1.1m and an EBIT loss of circa £150k. The Company’s draft accounts for the 2020 financial year show revenues of circa £4m, with a gross profit of circa £760k and an EBIT loss of circa £590k.
Assets included in this sale are contracts and work in progress, staff, plant and machinery and intellectual property.
Deadline for Offers – Friday 7 August 2020 at 12 Noon BST
All expressions of interest and offers are to be directed to Hilco Streambank in writing. Please contact Hilco Streambank to gain access to a virtual data room of further information on signing of a confidentiality agreement.
Contact:
Thomas Wood
+44 7548 218284
Jack Gillespie
+44 7519 128827
Nat Baldwin
+44 7803 416957
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