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Business for sale – ALBERT MEDICAL DEVICES LIMITED in Administration (NOW SOLD)

ALBERT MEDICAL DEVICES LIMITED in Administration

Background

On 25 July 2017 Andrew Stephen McGill and Gilbert John Lemon were appointed administrators of Albert Medical Devices Limited (“AMD”)
AMD developed, manufactures and supplies the Melio Leg Bag™, an innovative automated catheter leg bag for use by urinary incontinent patients

The product is fully patented in numerous countries, trademarked, FDA approved and CE marked, and is currently manufactured in China and sold in the US via a distribution network

Further product information can be found on the Company’s website: www.meliolegbag.com

Opportunity

The Administrators seek a buyer for all assets of AMD, which would enable a potential purchaser to immediately continue production and distribution of the Melio Leg Bag™

The assets available include:
All intellectual property held by AMD, comprising a portfolio of worldwide patents and trademarks

A significant quantity of Melio Leg Bag™ stock (cost price approximately £100k), currently located in the North West of England

All tooling and machinery (currently located in China) and all technical drawings and information required to recreate the tooling and machinery needed to manufacture the Melio Leg Bag™

Potential to engage with AMD’s existing Chinese manufacturing partner and / or US distribution network

All interested parties will be required to sign a non-disclosure agreement and be able to conclude a transaction by 25 August 2017

Enquiries to:

Agent:

Rob McArdle MNAVA
David Currie & Co
Cardinal House
20 St Mary’s Parsonage
Manchester
M3 2LY
T: 0161 393 2222
rob@davidcurrie.co.uk

Administrators:

Joph Young or Rachael Sherwood
Smith & Williamson LLP
3rd Floor
9 Colmore Row
Birmingham
B3 2BJ
T: 0121 710 5242 / 0121 710 5286
joph.young@smithandwilliamson.com or rachael.sherwood@smithandwilliamson.com