BPI Asset Advisory have been instructed to provide valuation advice and a disposal strategy for the machinery and business assets of Surepak Limited, following the appointment of Administrators.
Surepak Limited, Nottingham, operated as one of the UK’s leading flexible packaging manufacturers specialising in high quality bags, pouches and film-on-the-reel products supplying both food and non-food sectors.
Established over 30 years ago, the company carried out all its printing and manufacturing in house on a 45,000 square foot facility.
Following a successful marketing period, principal and specialist machines have been sold via negotiated sale.
Phase 2 of the disposal now follows, with BPI bringing the remaining equipment to the market for sale via online auction.
Over 300 lots are available including print and packaging manufacturing equipment, stock, vehicles, handling equipment and business assets. Bidding is due to close from 11am on Wednesday 12th June 2024.
BPI Asset Advisory director Andy Cromack, commented: “Following a successful period negotiating the sale of some of the company’s principal assets to a range of end-users both nationally and internationally, the online auction for the remaining equipment is now live. There is a good range of vehicles and warehouse and handling equipment but also some excellent new raw material stock with a cost price of c£250,000. This is a fantastic opportunity for our national manufacturers to potentially save money on raw material costs.”
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