Branta advised the shareholders of Allteks Limited on the sale of their distressed IT support and consultancy business to Soda IT Support Limited.
Client
Allteks Limited
Situation
Distressed business sale
Outcome
Sale completed to Soda IT Support Limited
The transaction provided an exit route for the shareholders, protected continuity for customers and helped preserve employment for the Allteks team.
Distressed sales require speed, judgement and careful handling. In this case, the business still had value, but that value needed to be preserved and transferred before the position deteriorated further.
Allteks was a UK-based technology business providing IT support and consultancy services to business customers.
The company had begun to experience financial distress. The shareholders needed to understand whether a sale could still be achieved, how quickly a process could be run, and which buyers might be credible in the circumstances.
In distressed situations, timing matters. Value can fall quickly if staff, customers, suppliers or potential buyers lose confidence.
This was not a straightforward sale process.
The business needed to be positioned carefully so that potential buyers could understand both the risks and the underlying value.
Any buyer also needed to be capable of moving quickly and providing continuity for customers and employees. The shareholders needed a practical route forward, not a long theoretical process.
Branta worked with the shareholders to understand the position, assess the options and identify potential buyers who might see strategic value in the business despite the financial difficulties.
We helped manage buyer engagement, supported the commercial negotiation and worked to structure a transaction capable of completing in difficult circumstances.
The focus was on preserving value, creating a viable exit route and ensuring the business could continue under new ownership.
Soda IT Support Limited emerged as the preferred buyer and acquired the business.
The sale allowed the shareholders to exit the business, while also helping protect employment and maintain service continuity for customers.
A distressed business sale is rarely just about price.
It is about protecting options, maintaining confidence and finding a buyer capable of completing before value is lost.
Branta helped the shareholders move from uncertainty to a completed transaction.
A short conversation can usually establish whether there is a viable route forward and what needs to happen next.