On the instructions of a retained client

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Business Sale: PostSafe Limited In Administration

Business Sale: PostSafe Limited In Administration

BUSINESS FOR SALE

POSTSAFE LIMITED – IN ADMINISTRATION

An opportunity arises to purchase the business and/or assets of PostSafe Limited, an award winning manufacturer and supplier of polythene envelopes and mailing bags located in the South East of England which has been established for nearly 40 years. https://www.postsafe.co.uk/

Due to the financial position of the business, the purchase will be executed at the very earliest opportunity through the appointed Joint Administrators and all interested parties will be requested to sign a non-disclosure agreement.

OVERVIEW OF BUSINESS

  • The Company is a manufacturer and distributor of Polythene Envelopes with excellent export links to Europe.
  • The Company traded from leasehold premises in South East of England and the site is approximately 10,000sqft. The lease has recently been forfeited and therefore the business is likely to need to be immediately relocated.
  • The Company employed 9 members of staff including the sole director, but 5 employees were made redundant upon the appointment of the Joint Administrators.
  • Member of EMSA.
  • The Company has approximately 8 Blue Chip clients, as main customers with its products being sold through hundreds of outlets and online.

FINANCIAL INFORMATION

  • Profit & Loss Account
  • Year End 31/12/2017
  • Turnover £808,370
  • Gross Profit £239,004
  • GP % 29%
  • Net Profit/Loss (102,489)
  • Balance Sheet
  • Year End 31/12/2017
  • Fixed Assets £88,936
  • Current Assets £372,037
  • Creditors (£248,040)
  • Net Assets £212,934

The Company has currently ceased to manufacture goods and instead has recently been looking at outsourcing the manufacturing of finished goods, which it is understood has provided an increased profit margin than manufacturing in- house. Hence this is an excellent opportunity to ‘bolt-on’ to an existing manufacturer and all relevant machines are available to add to, or extend, an existing manufacturing / distributing portfolio.

ASSETS FOR SALE

  • Goodwill
  • IPR & Domain Names
  • Plant & Machinery
  • Stock
  • Furniture & Fittings

Expressions of interest to be received no later than 5pm on Wednesday 17 April 2019

Wednesday April 17, 2019 5:00 pm

Further details of this opportunity can be obtained following completion of a confidentiality agreement which is available by download or alternatively by emailing us at enquiries@charterfields.com quoting "9333".