On the instructions of a Retained Client

BUSINESS SALE *SOLD*

AGP PLAY LTD ("the Company") - IN ADMINISTRATION

Business Opportunity

An opportunity arises to purchase the business and or assets of the Company which specialises in the supply and installation of artificial grass and rubber safety surfacing.

The Company operates from rented premises at 7, Bluechip Business Park, Atlantic Street, Altrincham WA14 5DD.  The Company entered Administration on 01 November 2019 due to the financial position of the business, the purchase will be executed at the earliest opportunity.  All interested parties will be requested to sign a non-disclosure agreement.

Overview of Business

  • The Company supplies and installs a range of artificial grass products and rubber safety        surfacing nationwide;
  • The Company trades from leasehold premises head office 7, Bluechip Business Park, Atlantic Street, Altrincham WA14 5DD;
  • The Company employs 25 members of staff which includes the Company director plus 7 sub-contractors based across the UK;
  • The Company’s customers include schools, nurseries, commercial entities such as hotels and sports clubs and residential customers.

Financial Information

Profit & Loss Accounts Year Ended 31 March 2019

Turnover                                                            £3,581,838

Gross Profit                                                        £1,920,263

GP %                                                                           56.6%

Operating Profit                                                 £257,494

Balance Sheet as at 31 March 2019

Fixed Assets                                                        £203,835

Current Assets                                                    £769,053

Creditors                                                              (£884,266)

Net Assets                                                            £88,622

Assets for Sale

  • Goodwill
  • Plant, machinery, office equipment
  • Work in Progress
  • Stock
  • IPR inc domain names
  • Debtors

Expressions of Interest

All expressions of interest should be made by close of business on 6 November 2019.  A purchaser must be able to complete immediately.

Wednesday November 6, 2019 12:00 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 "9602".