Tue, 15 Jun 2010 | ADMINISTRATION
Lincolnshire-based outdoor clothing retailer G.H. Tayberry & Co Limited has been put on the market, with potential buyers circling.
The sale came about as Tayberry entered administration with the appointment of Adrian Allen and Graham Bushby of Baker Tilly Restructuring & Recovery, after its bank HSBC withdrew its support of the struggling business.
A total of 63 staff have been made redundant, and the business is still trading but on a limited basis by the administrators.
Mr Allen commented: "Tayberry is one of many UK businesses operating in the tough retail sector which has suffered from changing customer demand and working capital issues, compounded by reduced credit from UK and worldwide suppliers."
The administrators are now seeking to sell the business and assets of Tayberry, which sells branded outdoor clothing, footwear and accessories.
Tayberry, established in 1997, had brought in severe cost cutting measures to save the business, and despite a good profit forecast for 2011, its bank relinquished its support. The business also had plans to begin exporting its clothing to Europe.
One of the managing directors Beverly Ross said: "It's been difficult since the 2008 recession kicked in and 2009 was difficult but 2010 was looking more positive."
The successful purchaser will acquire a fast growing, leading independent recruitment agency, providing temporary, contract, an permanent positions and solutions across various sectors nationwide.
It’s a family business, known for its reliability, its good network and competitive pricing, working for well-established builders and civil engineering companies, enjoying an excellent reputation, predominantly in Manchester and the Northwest.
This is an excellent opportunity to acquire a traditional fishmonger serving a retail, wholesale, and internet clientele, prominently situated in the heart of an affluent market town. This is a truly fully set, turnkey opportunity with an income stre...
|
25
|
|
Apr
|
Scaffolding company Hi-Point Access raises funds following Gap acquisition | BUSINESS SALE
Sheffield scaffolding company Hi-Point Access has secured &p...
|
24
|
|
Apr
|
Malaysia's IJM buys a stake in London construction firm JRL | BUSINESS NEWS
IJM Corporation Berhad has bought a 50% stake in Borehamwood...
|
24
|
|
Apr
|
Training group Babington bought by PE-backed Knovia | BUSINESS SALE
Apprenticeship and training provider Babington has been acqu...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
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.