PROJECT AURORA

Opportunity to acquire the trade and assets of a dynamic company in the packaging and logistics industry.

Investment Highlights

• Services: co-packing to full supply chain logistics fulfilment
• Flexible warehousing, contract packing, fulfilment supply chain and logistic services
• Sectors: food manufacturing, consumables, other perishable goods
• Significant opportunities for growth in all key market sectors
• Average customer tenure: 4 years
• 42,000 sq.ft leasehold factory in Midlands
• c. 13 employees including full time management team and capacity to employ up to 200 agency production staff in peak times
• Accreditations: BRC Storage and Distribution Grade AA and BRC Food Safety Grade AA; Sedex and Organic Soil Associations

Key Financials

FY23 Turnover: c. £1.3m

FY23 Gross Profit: c. £0.3m

FY24 Confirmed Sales: c. £0.5m

FY24 Projected Sales: c. £1.5 – 2.0m

Fixed Assets: c. £120k

Deal Specifics

Sale expected to be structured as a pre-packaged Administration, with the assets of the Company transferring to a new company.

Other reasonable deal structures will be considered.

Indicative Offer Deadline

22nd February 2024, 5pm

Contact

Deviesh Raikundalia
Restructuring Advisory Director
M: +44 7866 567061
E: deviesh.raikundalia@rsmuk.com

Joshua Varughese
Executive
M: +44 7749 478412
E: joshua.varughese@rsmuk.com

Disclaimer

Request for Expression of Interest Document (“the document”) – Important Notice

The information is communicated as a general guide to interested parties to assist them in deciding whether or not to investigate the above opportunity (“Proposed Transaction”). It is not intended to form the basis of any contract or transaction. Recipients must make their own independent assessment of the opportunity and should obtain independent professional advice. This document does not constitute an offer or invitation in respect of the Proposed Transaction or any other sale or purchase of securities, or any of the business or assets, described in this document. A recipient cannot derive any legal claim from receipt of this Document to acquire a participating interest in the Company or to conduct negotiations with the Company or RSM UK Restructuring Advisory LLP, or other parties involvedin the transaction with regard to such acquisition.

Status of the issuer

RSM UK Restructuring Advisory LLP has been appointed by the directors of Project Aurura (“the Company”) (“the Directors”) to act as sole advisors in connection with the potential sale of the Company or the potential sale of the assets of the Company. The content of this promotion has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000. RSM UK Restructuring Advisory LLP is acting for the Company in connection with the arrangements proposed in this Document and no one else. RSM UK Restructuring Advisory LLP will not be responsible to anyone other than the Company for providing the protection afforded to clients or customers of RSM UK Restructuring Advisory LLP or for providing advice in relation to the proposal.

Status of information

Neither RSM UK Restructuring Advisory LLP, nor their agents, the Directors, or the Company have reviewed or verified the contents of this Document. No representation or warranty is given or is to be implied by or on behalf of the Company, its Directors or employees or any other person as to the accuracy or completeness of the information or opinions contained herein. Accordingly, none of the Company, its Directors, RSM UK Restructuring Advisory LLP shall be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on any information or opinions contained herein or in any other communication in connection with such proposed investment. In particular, they shall not be liable for the statements, projections or other information on the Company, its strategies, economic situation, market and competitive situations, regulatory environment etc. contained in the Document. Any Recipient who wishes to pursue an interest in the Company must complete their own due diligence and other enquiries as they think fit but, in any event, must not rely on the contents of this Document which is being provided for information purposes only. This Document and the information contained herein are delivered as of the date set forth on the front cover hereof, and there shall be no implication that there has been no change in the affairs of the Company or other matters since such date. The statements contained in this Document and the facts on which they are based may be altered without prior notice. The Company and RSM UK Restructuring Advisory LLP assume no responsibility for updating this Document or any of the information contained herein. RSM UK Restructuring Advisory LLP is under no obligation to provide further information and does so at its own discretion. The recipient acknowledges and agrees that no person has, nor is held out as having, any authority to give any statement, warranty, representation, assurance or undertaking on behalf of RSM UK Restructuring Advisory LLP, nor their agents, the Directors or the Company, in connection with the Proposed Transaction.

Financial Promotion

This Document has been provided on the understanding that Proposed Transaction falls within Article 62 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, to which the provisions of Section 21 of the Act does not apply on the grounds that any sale of shares will constitute the transfer of day to day control or the sale of more than 50% of the shares with voting rights of a body corporate. It is an implicit assumption in the supply of this Document that the recipient is contemplating acquiring day to day control or making an offer for 50% or more of the shares with voting rights of the Company. If this assumption is incorrect then the recipient is asked to return this Document forthwith and should not take any action based on the information contained in this Document.

Confidentiality

This document has been furnished to the recipient on a confidential basis. No part of this document may be reproduced, stored in a retrieval system or transmitted in any form or any means, electronic, mechanical, photocopying, recording or otherwise other than in confidence to any professional adviser acting on their behalf without the prior written permission of RSM UK Restructuring Advisory LLP. No action has been taken to permit the distribution of this Document in any jurisdiction where such action is required to be taken, other than in the United Kingdom. This document does not constitute an offer or solicitation by anyone in any jurisdiction in which such an offer or solicitation is not authorised or to any person to whom it is unlawful to make such an offer or solicitation. Recipients of this Document in jurisdictions outside the United Kingdom should inform themselves about and observe all applicable legal requirements in their jurisdictions. In particular this Document may not be distributed directly or indirectly in the united States of America or in its territories or possessions or areas subject to its jurisdiction or any political sub-division thereof or to any national, citizen or resident thereof or any person who is normally resident therein (including the estate of any such person and any corporation, partnership or other entity created or organised therein). By accepting the Document, you agree to be bound by the foregoing limitations. RSM UK Restructuring Advisory LLP is under no obligation to provide further information and does so at its own discretion. RSM UK Restructuring Advisory LLP is a limited liability partnership registered in England and Wales, with registered number OC325349.