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Kreston Reeves advises Pre-Met Limited on asset purchase

Firm name(s)Kreston Reeves
www.krestonreeves.com
Deal typeAdministration sale
Industry sectorEngineering
Description

Kreston Reeves advised on the purchase of certain plant and machinery, stock and work in progress from a similar company which had gone into administration. Arrangements were also made to take over the relevant HP agreements for the company.

Ken Tonkin, Director, Pre-Met Limited commented, “Andrew Tate’s insolvency expertise has been invaluable when assisting with acquiring financially distressed businesses. He is professional, proactive, practical, and a skilled negotiator. Time is of the essence in these situations and Andrew and his team are always willing to give it their all to ensure a deal is reached in time. I would highly recommend both Andrew and Kreston Reeves”.

Adviser(s)Kreston Reeves, Thor Lion (Pre-Met Limited solicitors), Baldwins (administrators) and Squire Patton Boggs (administrators solicitors)
Completion date16th January 2019
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