35 Jobs saved with pre-pack sale of Safeguard SVP by our Restructuring and Advisory Division

The Brighton team of our Restructuring and Advisory Division has completed the pre-pack sale of Safeguard SVP Limited after it entered into administration on 29 March 2023. The sale was led by our Restructuring and Advisory Division managing directors Sean Bucknall and Elias Paourou.

A pre-pack sale of the business and assets to Safeguard VP Limited, a competitor company, was completed for £250k on 29 March 2023. There is no connection between the purchaser and the directors, shareholders or secured creditors of the insolvent Company or their associates.

Following an accelerated marketing process, our Restructuring and Advisory Division achieved the sale of the business and assets which has secured the future funding of the business and saved 35 jobs that have been transferred to the new company.

Operating from its headquarters in Essex and second trading address in Leicestershire, Safeguard SVP was established to meet the sophisticated and complex requirements of the Blue Light Fleets and transport requirements of the emergency services. The company modified cars and vans to emergency service specification for purchase by emergency services throughout the UK.

Sean Bucknall, managing director at our Restructuring and Advisory Division, said: “I am delighted to have achieved this sale which has rescued the business and secured the future for its employees. I wish the new company every success as the team continues to develop its offering with the support of the new owners.”