KRE Corporate Recovery Limited expects to be appointed as Administrators shortly to an independent precision engineering company predominantly servicing the aerospace sector.
PRIVATE & CONFIDENTIAL
An opportunity exists to acquire the business and assets of this engineering company.
- The Company has been trading for over 40 years;
- Loyal staff;
- Recent annual turnover for the last two years in the region of £2m pa;
- Two main customers are UK & US based;
- Leasehold premises in the Thames Valley;
- Extensive engineering equipment (subject to finance agreements);
- NQA Certified;
- Management is willing to work with any acquiring party during to facilitate a transition;
- Essential that an accelerated sale takes place given customer demand;
- Reason for sale is due to an change in the management structure.
- Interested parties in this opportunity are requested to sign and return the Non-Disclosure Agreement which can be found on the following link; https://www.dropbox.com/s/iuccsvtlqhxwa7u/Project%20Turtle%20NDA%20signed.pdf?dl=0 for further information as soon as possible.
- Interested parties are required to submit an expression of interest by 5pm on Friday 26 March 2021. A sale is anticipated shortly thereafter.
If you require any further information, please contact:
Names: Rob Keyes & Ben Briscoe
Tel: 0118 947 9090
E-mail: firstname.lastname@example.org or email@example.com
This summary briefing contains information supplied by the company’s personnel. KRE Corporate Recovery Limited provides no warranties or indemnities whatsoever in respect of this information. All interested parties must rely on their own review and investigations with regards this opportunity. See following Important Notice.
INTRODUCTION AND CONDITIONS
This summary has been prepared in connection with the proposed sale of the business and assets of the company.
By accepting this summary the recipient agrees to keep permanently confidential all information that it contains. This summary may only be made available to those members of the recipient’s staff who require to be directly involved in the appraisal of the opportunity and the recipient’s bankers and professional advisors. It should not be made available to any other third party without the prior written approval of KRE Corporate Recovery Limited (“KRE”). Furthermore, no contact should be made with the Company or any of its staff, customers, suppliers or shareholders without the express permission of KRE.
The information in this summary, which does not purport to be comprehensive, has been completed from information provided to KRE by the Company and has not been independently verified by KRE. Intending purchasers should not rely on the information contained in this summary, and must satisfy themselves as to the accuracy of all such information. KRE has been appointed by and is acting for the Board of the Company and, with the exception of any duties or liability which it may have under the Financial Services and Markets Act 2000, will not be responsible to any third party for the information contained in this summary.
No person, either as a Director of or in the employment of KRE, has any authority to make, imply, or give any representation warranty or indemnity whatsoever in relation to this proposed sale including the information contained in this summary. No responsibility or liability is or will be accepted by the Company or KRE or by any of their respective officers, employees or agents in relation to any inaccuracy or incompleteness of this summary and any liability is hereby expressly disclaimed. In particular, but without prejudice to the generality of the foregoing, no representation, warranty or assurance is given as to the achievement or reasonableness of any future projections, management projections, management estimates or prospects contained in this summary.
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Any individual or organisation that does not fall within the categories of the above description should not under any circumstance rely or act upon this summary or any information within this summary. In the event, that an interested party is in any doubt about their classification in terms of the description above or about a proposed investment or acquisition. Such parties must consult with an “authorised person” for the purposes of FSMA.
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