godfrey-landing

Intellectual Property Acquisition Opportunity

Godfrey Syrett Limited (in Administration)

James Ronald Alexander Lumb, Howard Smith and David James Costley-Wood as the Joint Administrators of Godfrey Syrett Limited (in Administration) (“Godfrey Syrett” or “the Company”) have appointed Hilco Streambank to actively seek interested parties with regard to the sale of the intellectual property assets of Godfrey Syrett.

BID DEADLINE

Tuesday, April 16 2019 at Noon BST (British Summer Time)

Background

Formed in 1947, the Company designed, manufactured and installed high quality furniture solutions for the education, healthcare, defence and corporate sectors. The Company operated from three sites in Killingworth, Langley Moor and Belmont.

The Company was initially formed to meet the needs of the then newly formed National Health Service (NHS), providing it with robust and durable tables and chairs. The Company maintained this working partnership with the NHS and was a member of the NHS Shared Business Services framework, working closely with numerous NHS clients on a national scale. In the public sector the Company has also worked with the Ministry of Defence for over 20 years, having worked on a variety of projects including mess areas and dining spaces at Beacon Barracks, living areas at MOD Lyneham, communal areas and offices. Furthermore, the Company had a strong presence in the higher education sector, being the only furniture manufacturer to have been on every University consortium framework in the UK.

In the private sector, the Company has worked with a number of high profile clients, including Procter & Gamble, Toyota and Morrisons.

The Company has received recognition for its commitment to sustainability as it was one of the first UK Office furniture manufacturers to obtain ISO 14001 environmental standard as part of its manufacturing process. The Company received further accreditations, including ISO 9001, FSE, FISP and FIRA. These certifications demonstrate the Company's commitment to the quality of its products and environmental sustainability.

GodfreySyrett

Available Assets

Goodwill rights in "Godfrey Syrett" Brand

The brand is well known in the UK having worked with a number of notable partners, including the NHS, Ministry of Defence and numerous universities and educational institutions. These longstanding, successful partnerships lend much credibility to the brand.

The Company has also received numerous quality certifications including the BSI Quality Management Systems: BS EN ISO 9001:2008 and BSI Environmental Management Systems: BS EN ISO 14001:2004.

The brand has received extensive positive press coverage, detailing projects, in both local and national outlets.

Trade Mark

The Company's UK trade mark application for the 'Godfrey Syrett' brand name. Trade Mark No. UK00003390711. 

Unregistered Trade Marks

The Company's rights in the unregistered figurative trade marks detailed below:

GodfreySyrettTradeMarks 

CRM Database

The Company's CRM database with contact details of its B2B customers. 

Domains

The Company's branded domain names including godfreysyrett.co.uk.

Copyright in Web Content

The Company's professional web content, including case studies of the Company's projects and product imagery. The website is also hosted a content rich blog, active from August 2016.

Patents

The Company posses two registered UK parents.

Patent Registration Numbers GB 1287297 and GB 1279618.

Sales Process

Offers for some or all of Godfrey Syrett intellectual property assets are due April 16, 2019 at Noon BST (British Summer Time)

Please contact Hilco Streambank to obtain an NDA and for more information regarding the sale process. A Bid Submission Form for submitting bids is available on request. 

Key Terms & Conditions

The Joint Administrators act as Agents of the Company and without personal liability. The bidder acknowledges that Hilco acts as an agent for the Joint Administrators who offer for sale only what right, title and interest (if any) the Company possesses in the intellectual property assets. Such sale will be without any warranties, expressed or implied. The information provided has not been verified by Hilco or the Joint Administrators and bidders are deemed to have carried out their own due diligence. 

A non-refundable deposit of 20% will be payable by the buyer within 48 hours of bid acceptance. VAT, if applicable, at 20% will be added to the price. Legal completion to occur within 5 business days of bid acceptance. Hilco Streambank's full Terms and Conditions apply. 

Interested Parties

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