Register to get free articles
Want unlimited access? View Plans
Already have an account? Sign in
The Brighton team of business advisory firm Quantuma has completed the pre-pack sale of Safeguard SVP Limited after it entered into administration on 29 March 2023.
The pre-pack sale of the business and assets to competitor company Safeguard VP Limited, which was led by the firm’s managing directors Sean Bucknall and Elias Paourou, was completed for £250k on 29 March 2023.
According to the firm, there is no connection between the purchaser and the directors, shareholders or secured creditors of the insolvent company or their associates.
Following an accelerated marketing process, the firm achieved the sale of the business and assets which has secured the future funding of the business and saved 35 jobs that have been transferred to the new company.
Safeguard SVP was headquartered in Essex and operated a second trading address in Leicestershire to meet requirements of the Blue Light Fleets of emergency services. The company modified its cars and vans to emergency service specification for purchase by emergency services throughout the UK.
Bucknall said: “I am delighted to have achieved this sale which has rescued the business and secured the future for its employees. I wish the new company every success as the team continues to develop its offering with the support of the new owners.”
