All jobs saved with pre-pack sale of manufacturer
Experts from business advisory firm Quantuma have completed a pre-pack administration sale of Sheffield headquartered Ventilation Centre Limited, securing the future of the business and protecting jobs for all employees.
Quantuma’s managing directors, Michael Chamberlain and Rehan Ahmed were appointed as joint administrators of Ventilation Centre on 31 January 2024 and completed the sale of its business and assets shortly afterwards to Sheffield-based South Yorkshire Ducting Supplies Limited.
Founded in 2002 and based over three sites, Ventilation Centre is a supplier of duct air system products, with its principle location in Sheffield and satellite facilities in Leeds and Stockport. The company provides a wide range of products, ranging from ducting and grilles, to fans and controls. Ventilation Centre’s products are designed to provide the best possible air quality for their customers. The business faced challenging market conditions in recent months.
Michael Chamberlain, managing director at Quantuma, said: “The sale is a great outcome for the business. I’m delighted that all of the employees’ jobs have been saved and the business has been protected by being sold to a third-party buyer, after a full marketing period, through an accelerated sale process. I would like to thank Parisi and Weatheralls for their legal and agent input respectively.”