Buyer sought as specialist manufacturer enters administration

Partners Anthony Collier and Ben Woolrych, from specialist business advisory firm FRP Advisory, were appointed joint administrators of Viking Trailers on September 14.

They are now seeking a buyer for the Bacup-based business, near Rossendale, and its assets.

Founded in 1972, Viking Trailers specialises in materials handling equipment and storage goods, particularly in the air cargo industry.

It supports many blue-chip clients, including well-known cargo, logistics and delivery businesses.

The company has faced several challenges in recent months because of lost or delayed orders from key customers, which have caused significant cash-flow issues and led it to enter administration.

Following their appointment, the joint administrators are assessing their ability to operate Viking Trailers while they market the business and its assets for sale.

Commenting on the appointment, joint administrator Anthony Collier said: “Viking Trailers is a renowned manufacturer of high-quality handling and storage equipment, and it has built an international reputation for quality, safety and durability in movement and handling solutions.

“Significant delays to a number of key orders had caused severe cash-flow difficulties and this ultimately led to the company entering administration.”

He added: “Our focus is now on seeking a buyer for the business and its assets, and we would encourage any interested parties to contact the joint administrators as soon as possible.”

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