Off Limits Corporate Events bought out of Adminstration
Monday February 19, 2018
Sale follows appointment of Joint Administrators in February
Off Limits Corporate Events Limited, one of the UK’s largest events businesses for private and corporate clients, has been acquired out of administration.
Ben Woolrych and Russell Cash, Partners in our Manchester office, were appointed Joint Administrators on 5 February 2018. Upon appointment, the Joint Administrators secured the sale of the business and its assets to its sister company, Off Limits Group Limited, which specialises in European events and has traded alongside the business since 2015.
Founded in 1993, Off Limits Corporate Events Limited specialises in activities, team building exercises, evening entertainment and bespoke events for corporate and private clients across the UK.
Commenting on the transaction, Ben said: “We have been supporting the directors since the business began experiencing financial difficulties and have worked closely together to market the business and its assets for sale to achieve a positive result for all parties. Most importantly this deal ensures the continuation of a significant number of jobs, and provides reassurance for customers, clients and suppliers as the business continues to trade.”
The business will continue to trade from its sites in Langley Mill and Moorgreen, Nottinghamshire.
This deal ensures the continuation of a significant number of jobs, and provides reassurance for customers, clients and suppliers.Ben Woolrych Restructuring Advisory