A potential buyer has emerged for the business and assets of 150-year-old Scottish merchant Mitchell Timber (Leith) Ltd.
KPMG‘s corporate recovery team says it is in exclusive discussions with a party regarding the sale of Mitchell and a sale is expected to be concluded “in the near future”.
Joint administrator Blair Nimmo said the sale of Mitchell, which went into administration on August 6, had attracted a lot of interest but he declined to give further details.
The company has a £1.5m annual turnover and serves a wide customer base from its leasehold premises in Leith, Edinburgh. Its stock of timber and construction materials is included in the sale.
Six staff from the 13-strong workforce have been made redundant since KPMG were appointed.
