Business and assets for sale: Motor vehicle parts supplier based in Weston-Super-Mare
Tue 25 Apr 2017
Company name: Motor Supplies (Weston) Limited – In Administration
Mazars LLP is currently assisting a distressed business based in Weston-Super-Mare, to urgently seek a buyer for its business and assets.
The Company has very recently ceased trading and was placed into Administration on 25 April 2017. The sale of its business and assets is now being carried out by the Joint Administrators.
Financial performance
- Turnover for year ending 31 March 2016 = £1.2 million
- Turnover for year ending 31 March 2015 = £1.3 million
Business operations
- The business has been established since the 1980s and operates from leasehold premises in Weston-Super-Mare.
- The premises comprise of a warehouse (for storage and operations), office space, and a small retail shop.
- The business specialises in the supply of automotive parts and vehicle refinishing products to both the trade and public, as well as a delivery service to customers within a 25 mile radius of its base.
- The Company operates a retail shop serving both the public and the trade.
- The Company employed 20 staff, all of whom were made redundant when the Company ceased to trade very recently.
Assets
Assets available for sale include:-
- The Company’s Leased premises (lease has expired but landlord is keen to issue a new one)
- Office furniture and IT equipment
- 4 delivery vans
- Customer database, Company website and domain names
- Company telephone number
- Goodwill
- Small stock of auto parts
- Racking
- Mezzanine floor
Offers are invited from interested parties who may be interested in seeking to purchase the business and assets as a going concern, by Friday 28 April 2017.
All interested parties will be requested to sign a non-disclosure agreement and specifically deal with the Joint Administrators, being Insolvency Practitioners from Mazars LLP.
Proof of funding will be required.
Please contact Tim Ball or Steve Fairholm on 0117 928 1700, or by email to tim.ball@mazars.co.uk / steve.fairholm@mazars.co.uk, to request a non-disclosure agreement and further information.
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