Bio-Bean

Bio-Bean Limited (“Bio-Bean” or “the company”), designed and created a formula, manufactured and supplied, sustainable coffee logs to all major supermarkets, DIY outlets, garden centres and independent petrol stations. On the 3rd April 2023, the company entered Administration because of, but not limited to; inflation related trading difficulties, inability to secure additional investment, and the impact of fire damage to a key element of the production process.

Hilco Valuation Services Europe (“Hilco”) was appointed by the Administrators, KRE Business Recovery (“KRE”), to provide valuation advice for the machinery and business assets of Bio-Bean. In addition our role included, arranging and supervising viewings of the facilities for interested parties and along with KRE, negotiating the sale and terms of all the company’s business and assets. The assets for sale comprised of brand and intellectual property, customer and supplier base, finished stock inventory, and more.

Our team conducted a marketing campaign including delivery of an E-Blast being sent of the Business Lite Memorandum of the company’s IP, MBA, and Stock Inventory to lists compiled by KRE and Hilco’s contacts.

This concluded in a very successful sale result with the business and assets being sold under an APA to Envar Composting Limited (a Heathcote holding company).

 

We were assisted by Hilco Valuation Services (Hilco) to complete a valuation and sales exercise of the machinery and business assets of Bio-Bean Limited. Hilco were crucial in providing assistance to sell the assets as a complete package by private treaty within strict time constraints. KRE were delighted with the outcome and work provided by John Boorman and the wider team.”- From KRE Business Recovery

Contact:

John Boorman

Senior Director

Machinery & Business Assets

London Office

+44 (0) 7785 304957

jboorman@hilcoglobal.eu

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