Mon 21 Oct 2019
Patrick Lannagan and Conrad Pearson of Mazars LLP have been appointed as Joint Administrators of Cussons Technology Limited.
There is an opportunity to acquire the business and assets of the company which specialises in educational technology and marine hydrodynamic research.
Key selling points
Financial Highlights
The company’s management information details turnover of £4.44m and EBITDA of £50k, with management information for the previous two years detailing turnover of £3.33m – 2018, £3.44m – 2017; EBITDA (£978K) – 2018 and (£494K) – 2017.
Detail
This UK based engineering business specialises in educational technology and marine hydrodynamic research.
The business operates two main divisions:
Engineering
Marine
The business has a strong skill set in the niche area of marine hydrodynamics complimented by a longstanding world recognised established brand name in the educational technology sector.
Contact
Interest is invited in relation to the business and assets, with further information available subject to a non-disclosure agreement. Should you wish to receive further information on the opportunity, please contact Joanna Siu in the Manchester office at Joanna.siu@mazars.co.uk.
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