09 Aug 2019
Tax Talk Bites | August 2019
In tax talk bites, we briefly comment on items of interest to readers.
Businesses for sale
Baker Tilly Staples Rodway regularly act as the liquidators, receivers and administrators of businesses for sale. Current opportunities are listed below.
STRETCHSENSE LIMITED (ADMINISTRATORS APPOINTED) (“the Company”)
The Administrators are currently inviting investors to make contact with a view to those investors potentially making offers to purchase the Company as a going concern, investing in the business or buying some or all of the assets.
StretchSense is a recognised world leader in the design and manufacture of soft stretchy deformation sensors for motion capture, VR/AR, sports and fitness, and wearables.
The company’s present assets are:
- An active pilot sensor production line in Auckland New Zealand.
- Patents relating to the design and manufacture of sensors.
- Proprietary sensing circuits, chemical formulations, and manufacturing process.
- A multi-disciplinary team with extensive know-how in garment design, sensor design and production, hardware and firmware design, and software design.
- Excess raw stock for sensors and circuits and unused manufacturing equipment.
- A range of motion capture gloves, sensing straps, and sensor development kit products.
See their technology in action
Please note the short timeframe on this, with responses to be provided on or before Friday 9 August 2019 to Prashkia Chand at the office of the Administrator (prashika.chand@baketillysr.nz) or using the form below.
Business sale enquiries
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