Pressure Test Solutions
Pressure Test Solutions rents, sells and calibrates specialist pressure testing equipment to the offshore oil and gas industry, and had been experiencing financial difficulties.
We were appointed to assess the potential of an accelerated sale to avoid winding up the business. Despite a difficult market, impacted by low oil prices and coronavirus restrictions, we sourced a trade buyer and managed an accelerated sales process within just three weeks.
Pressure Test Solutions was sold to a third-party trade buyer as a going concern out of administration.
CEO, Pressure Test Solutions
“I was recommended Grant
Thornton to advise on the options for a
sale of my company. During our very first online meeting I immediately felt very comfortable that they were the right advisers for me. Through the team’s hard work and industry contacts, they managed to secure
a trade-and-asset sale to a large global
business, securing jobs for all of
my staff within a very