Project Delta

Opportunity to acquire machine to print, subcontract precision machining company based in West Midlands

The Company has become a leading supplier of precision components serving various sectors including:

• civil aerospace
• defence aerospace
• marine
• nuclear
• rail

The Company manufactures OE, MRO, aftermarket prismatic and critical parts for blue-chip customers operating in the above sectors. The Company has ISO9901 and AS9100 accreditations along with a number of sought after customer approvals.

The company operates from leasehold premises with 44 employees (including 1 director) and uses a mixture of owned and financed equipment which includes CNC 5 axis milling, 3/4 axis milling, 5 axis mill turn, and, grinding.

Reasons for sale

The company’s turnover and finances generally, suffered significantly as a consequence of COVID- 19 and the company’s business went through an Administration process in 2021. Unfortunately, the anticipated turnaround has not materialised with long order lead times, supply chain issues and other factors causing the company to struggle. Increased utility costs and the need to pay proforma has also caused the company a number of challenges.

The company is currently behind in its payments to HM Revenue and Customs and other creditors and requires additional lending or investment if it is to be maintained as a going concern.

The process

Please note that this is an accelerated opportunity which could result in a sale of the company, or, its business and trade assets via an insolvency process. Interested parties may wish to note that interest is not likely to be registered by the Company’s management and/or a “connected party”. In addition, interested parties ought be aware that new terms of occupancy will need to be negotiated with the landlord of the Company’s trading premises.

Please register your interest as soon as possible. All interested parties will be required to sign a non-disclosure agreement (“NDA”) before being given access to additional information. Offers must be submitted in writing and accompanied by proof of funding, on or before midday on Friday 14 October 2022.

All contact on this opportunity should be with: