Tue, 08 Aug 2023 | ADMINISTRATION
The assets of Oldham-based Thomas Dornan (Printers) are set to be sold after the company fell into administration. The assets are set to be brought to market in an online auction closing August 18, after initial attempts to sell all the business and assets as a whole failed to find a buyer.
Thomas Dornan (Printers) was founded in 1848, reportedly making it the UK’s third-oldest printing firm. The company specialises in digital, litho and large format printing and had an average team of 15 employees during the year ending May 31 2022.
Despite the company’s longstanding operation, it was hit by the impact of COVID-19, as well as more recent challenges. As a result, the firm was forced to enter administration, with Christopher Lawton and Gary Lee of Begbies Traynor appointed as joint administrators on June 29 2023.
The administrators initially sought to sell the business and assets as a whole. However, they will now market the assets on a break-up basis, while continuing to field offers to acquire all assets, should there be any interest.
Joint administrator Christopher Lawton said: “This is an historic company which has its roots in the birth of the printing industry in this country. The business was hit hard by the impact of the pandemic and recent business challenges meant the director explored every option before entering the company into administration.”
“In the absence of any parties seeking to purchase the business and assets as a whole, we are now seeking parties who may be interested in acquiring the assets on a break-up basis. Any interest to acquire all assets will also continue to be considered.”
In Thomas Dornan’s accounts for the year to May 31 2022, its net assets were valued at £227,565, down from £291,122 in its accounts for the previous year.
Read about the factors that could help to drive increased dealmaking in the coming months.
An opportunity exists to purchase the business and assets of a Printed Sign & Display Business operating in the South of England. The Company produces a range of various printed signs, displays, exhibition stands, promotional items and graphics for...
An opportunity exists to purchase the business and assets of a UK digital marketing agency. The Company was established in 2007 and has an extensive portfolio.
This is an asset only sale of a well-established photography and film studio located in Southampton. The business offers a comprehensive range of services, including photographic and film production, studio and equipment hire, podcast recording facil...
05
|
Mar
|
80 jobs saved in Silcoms pre-pack deal | BUSINESS SALE
Farnworth, Bolton-based aerospace manufacturer Silcoms has b...
05
|
Mar
|
US group Accenture seal deal for Bath's Altus Consulting | BUSINESS SALE
New York-listed professional services company Accenture has ...
05
|
Mar
|
PE group Star buys air compressor group GenAir | BUSINESS SALE
Private equity group STAR Capital Partnership LLP (STAR) has...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.