Trade and Assets Acquisition from Administration in the North West
£210,000 · 3 years · 9.50% fixed. A manufacturing entrepreneur identified a competitor that had entered administration - presenting an opportunity to acquire the trade, assets, customer contracts, and key staff through a pre-pack administration sale.
The Client
Manufacturing entrepreneur
The Challenge
A manufacturing entrepreneur identified a competitor that had entered administration - presenting an opportunity to acquire the trade, assets, customer contracts, and key staff through a pre-pack administration sale. Pre-pack acquisitions move quickly - typically within days - requiring immediate finance commitment.
Our Solution
Doulton moved at administration speed, issuing a credit-approved offer within 48 hours of instruction. The lending was assessed on the value of the physical assets (plant, equipment, stock) and the transfer of customer contracts. The administrator's asset schedule and customer contract list were the primary underwriting documents.
The Outcome
Pre-pack acquisition completed within four days of first contact with Doulton. The acquiring business took on 23 former employees, retained the key customer relationships, and was trading profitably within three months. Key highlights: Credit-approved offer within 48 hours - administration timeline met; Pre-pack completed in 4 days from first contact; 23 employees taken on - business trading profitably within 3 months.