An East Midlands electronics manufacturer and distributor, specialising in television antennas for the caravan, motorhome and marine sectors, has been acquired following administration. Grade (UK) Limited, trading as Vision Plus, entered administration in August 2025 after several years of declining sales and challenging market conditions in the recreational vehicle sector.
The company recorded a 25 per cent drop in sales in 2024, followed by a further 25 per cent decline in the first quarter of 2025. Increasing competition and changing consumer preferences compounded the business’s difficulties, despite investment in Wi-Fi-enabled antenna technology.
Joint administrators secured a pre-pack sale of Vision Plus to an unrelated buyer, aiming to maintain business continuity, preserve jobs, and maximise returns for creditors.
Financial filings for the year ending December 31 2023, show Grade (UK) Limited held fixed assets of £1.1 million and current assets of around £1.2 million, resulting in net assets just under £2.1 million.
Pre-pack acquisitions remain a common mechanism for rescuing companies, though regulatory scrutiny has tightened, particularly for sales involving connected parties.
