Joint administrators James Lumb and James Clark of Interpath were appointed over PSP Architectural Ltd, PSP Aluminium Ltd and Pressed Steel Products Ltd in September 2024.
The companies supplied facades, cladding, curtain walling and door and window frames to the construction sector.
The administrators appointed Watling Real Estate to sell the group’s 44,500 sq ft headquarters on the All Saints Industrial Estate in Shildon, County Durham, including main production and high-bay warehousing areas, two storey offices of 5,280 sq ft and a recently constructed canteen.
Alex Sweetman, director of Watling Real Estate, said: “Included within the sale is an additional area of development land extending to around 2.5 acres that’s currently promoted within the local authority’s Local Plan as Employment Land.
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“We received an encouraging response from the market culminating in three rounds of bids, illustrating the confidence we’re currently seeing for good quality, well-located industrial assets of this nature.
“The property was put under offer within eight weeks of the launching of our campaign.”
James Lumb, managing director at Interpath and joint administrator, added: “After receiving strong interest throughout the marketing process, we are pleased to have completed this transaction, which will see this quality local asset move into new ownership.”
