UNDER OFFER
Hilco is pleased to present the opportunity to acquire an established UK-based online car finance brokerage and used-vehicle marketplace (the “Company”), combining an FCA-authorised broking operation, a long-standing consumer brand, and a substantial customer database built over almost a decade of trading.
The Company combines whole-of-market lender access with a dual-sided digital platform, delivering a proven, direct-to-consumer route to market for automotive retail, consumer finance and digital marketing.
This is an opportunity to acquire a commercially established, digitally native car finance platform, a substantial proprietary customer database and whole-of-market lender access, collectively providing a foundation for continued growth in the fast-moving online used-car and consumer finance space.
Offers are invited for the Company’s entire share capital, the business and assets, or select assets.
All expressions of interest and bids are to be directed to Hilco in writing. On receipt of a signed non-disclosure agreement (NDA) access will be provided to a virtual data room housing additional information. To access the NDA please click the link, sign and return via email to the below Hilco representatives.
Hilco is acting as exclusive agent to the Company and its Liquidator in connection with the proposed sale of some or all of the Company’s assets. The Liquidator acts as an agent of the Company and without personal liability.
All sales are made strictly on an “as is, where is” basis. Only such right, title and interest (if any) as the Company may have in the assets will be transferred to a purchaser. No warranties, guarantees, or representations (express or implied) are provided by the Company, its Liquidator, or Hilco in respect of the assets or any information supplied. All parties must rely on their own enquiries and due diligence. Any information provided is for convenience only and has not been independently verified.
All offers are subject to the addition of VAT at the prevailing rate, where applicable. A non-refundable deposit equal to 20% of the agreed purchase price must be paid by the successful purchaser within 48 hours of offer acceptance. Payment of the deposit grants the purchaser the exclusive right to proceed with the acquisition of the relevant assets for a limited period and on the terms agreed. A Buyer’s Premium of 10% of the final purchase price is payable by the successful purchaser in addition to the agreed purchase price, is non-negotiable and is payable at the same time and in the same manner as the purchase price and forms a condition of sale.
Legal completion must occur within five (5) business days of offer acceptance, unless otherwise agreed in writing by the Company and its Liquidator.
