Tue, 24 Apr 2012 | ADMINISTRATION
Troubled flooring firm Allied Floors has been purchased in a pre-pack administration by General George, which is part of the Floors-2-Go Group.
Allied Floors had bought Allied Carpets out of administration last year, with Leonard Curtis overseeing the transaction. Back in 2009 BDO had managed the sale of about 51 of Allied Carpets’ original total of 217 stores.
Allied Carpets has fallen into administration three times since 2009. This latest move has saved all its nine stores and 41 jobs.
Geoff Bouchier and Matt Bond of Duff & Phelps have been brought in to the business on this occasion. The sale took place shortly after their appointment.
Mr Bouchier commented to Insolvency Today about the successful deal: “We are pleased to have completed a going concern sale of the business which has resulted in the continued operation of all nine stores and saved 41 jobs.”
Before suffering trading problems Allied Carpets had about 217 stores and a 1,000-strong workforce.
As a non-essential item and due to the continued stagnant housing market, sales of carpets and other flooring have been badly hit.
New owner General George has eight stores in Scotland, and sells carpets, laminates, vinyls, woods and rugs.
Established for over 30 years, the business is located near a seaside town providing a range of care solutions for the Elderly (over 65’s); it is now on the market for sale. In addition to offering Residential care, the business also specialises in,...
FREEHOLD
For over 12 years our client has been manufacturing a market leading product, supplying the candle manufacturing sector, supporting all types of clients from large producers down to small hobbyists. The knowledgeable and friendly staff help clients s...
For 25+ years, the business has been supplying, installing, and servicing compressed air systems for a wide range of business applications. Members of the British Compressed Air Society, registered to ISO9001 and Safe Contractor approved.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.