Magazines
Newsletter
Advertise
Search
The Business Magazine - B2B Business News - Site Logo
The Business Magazine - B2B Business News - Site Logo
The Business Magazine July 2024
Read now
PICK YOUR EDITION

George Wilson Industries sold out of administration to Vantage Capital

A West Midlands specialist manufacturer of gas measurement equipment, George Wilson Industries Limited (GWi), has been sold out of administration, safeguarding all 26 jobs.

As well as manufacturing high-quality domestic pressure regulators for the UK energy market, GWi also provides gas meter refurbishment, triage and waste management services.

The company, founded in 1878 and trading from premises in Coventry since 1904, was placed into administration following increasing cash flow issues and growing creditor pressure over recent months.

Mark Malone and Gareth Prince, partners at business recovery specialists Begbies Traynor’s Birmingham office, were appointed joint administrators on 10th June, having worked with management and various stakeholders over several weeks to undertake an accelerated sale process for the business and its assets.

The business and assets were sold to Vantage Capital who will trade as George Wilson Metering Limited.

Joint administrator and partner at Begbies Traynor, Mark Malone, said: “Having reviewed the company’s financial position, it was concluded that selling the business out of administration was a realistic option and would provide the best outcome for employees, suppliers, and customers by securing continuity of services.

“This is a well-established company with a strong reputation and level of interest received during the sale process was encouraging. We are pleased to have secured a sale that protects all jobs and ensures the continued provision of this key product and service”.

Buyside Advisors Include

    Sellside Advisors Include

    Share
    George Wilson Industries
    has been sold out of administration to
    Vantage Capital
    June 2024
    UNDISCLOSED
    KMG Independent Limited
    has been acquired by
    Skerritts
    UNDISCLOSED
    who's behind the deal?
    Wildnet
    has received investment from
    UK Infrastructure Bank
    July 2024
    £35m
    who's behind the deal?
    Concept Environmental Solutions
    has been acquired by
    Celnor Group
    UNDISCLOSED
    who's behind the deal?

    Group Titles

    Dorset BIZ NewsHampshire BIZ News
    crossmenu