Manufacturing Administration of a long standing business

Quantuma lead the manufacturing administration of a long standing plastic injection moulders business, Enalon Group.

Overview:

  • Plastic injection moulders
  • Established for 70 years with a turnover of £1.2M
  • Demand had declined but margins & overheads had not been adjusted to reflect this and
  • Negative cash flow caused accrued overdue liabilities and pressure


Investment:

  • Pension Deficit – £530k
  • Trade – £270k


Outcomes:

  • Attempts to sell business received no interest
  • Trading continued to complete WIP which must be valueless
  • 10%  was returned to unsecured creditors

 

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