Wholesaler sold as administrators secure pre-pack deal

A Nottinghamshire family-run importer and wholesaler has been sold in a pre-pack deal.

As we exclusively revealed last week, Geko Products, which operates from a 10,000 sq ft warehouse near Newark, had filed for administration.

Opus Restructuring has sold Geko out of administration to Teal International.

A statement from Opus said: “Geko Products entered administration on 3 March 2025. Upon appointment, Opus completed a pre-packaged sale of the Company’s business and assets to Teal International, ensuring continuity for customers and suppliers.

“This transaction preserved one employee’s role that would have otherwise been lost and secured ongoing supplier arrangements, positively impacting creditors as a whole. Additionally, the continued occupation of the company’s trading premises has provided further stability.

“This outcome represents the best possible result in challenging circumstances, safeguarding value for creditors and ensuring continuity for stakeholders.”