Surface Transforms PLC (LON: SCE), the Liverpool-based carbon ceramic brake disc manufacturer, has completed a GBP90,000 asset sale agreement with UK-based lifestyle company CCST Ltd.
The transaction covers a broad range of company assets, transferring the trading Business and its associated operations to the buyer.
Computer systems, intellectual property, contracts, equipment, stocks, and business records all form part of the asset package included within the agreed sale price.
The deal also transfers the goodwill of the company to CCST Ltd, including the right to use the Surface Transforms name going forward.
A separate potential transaction involving the company’s Germany-based dynamometer remains under active consideration, valued at an additional GBP200,000.
That secondary sale carries a six-month expiration window, meaning a decision on the dynamometer must be reached within that timeframe or the option lapses.
The asset sale follows the April 2026 appointment of joint administrators to oversee the company’s affairs during a formal insolvency process.
Michael Magnay, Joanna Bull and Jonathan Marston of Alvarez and Marsal Europe LLP were appointed as joint administrators, taking control of the company’s operations.
Alvarez and Marsal is a global professional services firm with significant experience managing distressed business situations and corporate restructuring processes across multiple industries.
Surface Transforms had built a reputation as a specialist manufacturer of carbon ceramic brake discs, supplying components for high-performance automotive and motorsport applications from its base in Liverpool.
The transfer of the Surface Transforms name to CCST Ltd as part of the agreement means the brand itself will pass entirely out of the hands of the original UK operation.
CCST Ltd, described as a lifestyle company headquartered in the UK, has not publicly outlined its intentions for the acquired intellectual property or trading business at this stage.
The administration process at Surface Transforms reflects broader pressures that have affected specialist automotive component manufacturers operating in the current economic environment.
No further financial details beyond the GBP90,000 headline figure and the potential GBP200,000 dynamometer sale have been disclosed in connection with the asset transaction at this time.