Thu, 18 Feb 2010 | ADMINISTRATION
Managed services provider Office2office plc (O2O), has purchased the assets and business of the business process outsourcing (BPO) arm belonging to The Print Factory London (1991) Limited and The DSR Group Limited, which have both entered administration.
The administrators Allan Graham and David Standish of KPMG confirmed the sale of the BPO division this week for the sum of £700,000.
O2O is to acquire the following assets from the sale according to its website: "two leasehold properties, certain employees of the BPO business and a wide range of customer relationships and contracts recently generating £20m per year of turnover."
Simon Moate, chief executive of O2O, is eager to merge the bought business with its own BPO operations, and sees the move as a "hugely positive step toward our goal of becoming a true leading player within the BPO sector."
He added: "This acquisition is an important development, broadening our customer base and increasing our market coverage in the sector."
O2O's own BPO operations originated from its £26m acquisition of AccessPlus in 2008.
It had been recently reported that The Print Factory had faced a winding up petition by HM Revenue and Customs over a multi-million pound debt.
Total current liabilities of £19.4m were entered in its last recorded accounts for the year to 30 June 2008 and revenues of over £65m.
This well-established B2B wholesaler specialises in cask ales, continental lagers, and craft cider, boasting exclusive access to a diverse range of products from renowned breweries.
Exeter high street pharmacy offers a prime opportunity in a suburban location, dispensing approximately 9,000 items per month.
LEASEHOLD
An established bar and restaurant manufacturer and fit-out contractor in Lancashire is available for acquisition, offering a unique opportunity for entry or expansion in the hospitality industry.
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