Sale discussions underway for Mellor and Treka parent company
Teneo has been appointed as the Group’s administrator and will continue to trade the businesses while it finds a solution.
“…live discussions are currently underway with a number of interested parties” – Rutland Partners, the investment-company owner of WN VTech Group
Rutland Partners, the investment-company owner of WN VTech Group, said in a statement: “All efforts are underway to secure a sale of the Group or of individual assets, and live discussions are currently underway with a number of interested parties.”
Bolton-based WN VTech Group reported in its latest figures that its net operating profit decreased from £4.091m in 2021 to £3.154m in 2022. Its turnover in December 2022 was £45.494m, up on the £39.831m reported for the same period in 2021. During 2022, the company spent £2.584m on development and improvement of its product range, having spent £585,000 the previous year.
The WN VTech, Treka and Mellor websites now have the following message on their homepage: “Daniel James Mark Smith and Julian Heathcote were appointed Joint Administrators over Treka Bus Limited, Promech Technologies Limited, Vehicle Conversion Specialists Limited, WN Vtech Holdings Limited, JM Engineering (Scarborough) Limited and WN Vtech Limited (together “the Companies”) on 20 November 2023. The affairs, business and property of the Companies are managed by the Joint Administrators. The Joint Administrators act as agents of the Companies and contract without personal liability.
“For any queries please contact either [email protected] or your usual contact at the Companies.”
Treka Bus is based in Brighouse is known for its Mobility, Mobility+ and Everyday ranges of minibus. Rochdale-based Mellor has recently launched the Sigma range of small buses and also has a series of minibus conversions, both diesel and electric.