| Our client was a packaging and box manufacturing business that had operated for more than 30 years. Serving automotive and engineering customers across the UK, the company had built a strong reputation whilst also developing a proprietary protective packaging product unique to the UK market. The directors were introduced to us seeking a solution to mounting financial pressures. Whilst the business generated £7m in annual revenue and retained a loyal customer base, historic losses following Covid and the burden of previous acquisitions had left the company financially stressed despite recent operational improvements and a return to monthly profitability. Urgent funding was required. We reached out to a selective shortlist of investors within our network who we knew would meet the criteria for this opportunity. Several parties showed interest, two meetings were set up and executed within one week of take on. During this process the main trade creditor issued a winding up petition on the company, and even though they intimated they would accept payment terms, the dynamics of the any investment package changed. The company would need to go through a formal process, and our investor/buyer became a buyer of the business. Heads of Terms were quickly agreed, followed by legals as we worked through the complexities of a distressed manufacturing acquisition. From start to finish the project concluded within a matter of weeks. We’d like to extend our thanks to all parties who stuck to their tasks and saw this one over the line. At conclusion, the business moves on under new ownership; jobs have been secured and the owner has been retained in a senior position which works well for him. Financially the business is now in a strong position again. |
| The Buyer comments: “Thanks to Nick and his team for their introduction of this opportunity – a sector we have been looking at for a while. Further thanks for your diligence and commitment to helping keep everyone on message whilst we went through legals.” |
| Nick comments: “It is always pleasing to see a project through to completion where all sides come away with a satisfactory result. Importantly there is continuity within the new ownership structure, with jobs saved, and the original founder retained.”See Nick’s Linkedin Profile |
