Warners acted as lead advisor on the acquisition of assets from the administrators of Active Signs Limited. The acquisition involved the purchase of a 6000m2 factory premises in Ramsgate together with all plant, machinery and equipment used in the business.
The assets were purchased by Signscope Limited and Blaze Group. Signscope will now commence trading from the premises. Blaze provided funding for the purchase.
Jonathan Roberts led the transaction with support from the commercial property team.
Jonathan commented: “Purchasing assets from administrators always raises specific legal issues, and, inevitably a transaction of this type needs to be completed within incredibly tight timescales. We have acted for Blaze for a number of years and were pleased to assist with them with this acquisition.”
“We hope to grow the business over the next three years, back up to levels prior to the current difficulties and in the process rescue some of the jobs that were lost.” Fred Allen, Managing Director of Blaze Maintenance Limited