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UK Businesses For Sale

Mk One falls into administration three weeks after being bought
22/05/2008

MK One, the discount fashion chain, has fallen into administration less than a month after being sold to Hilco, the retail recovery specialist.

Deloitte has once again been hired to find a buyer. It was reported in April that the administrator had been appointed to manage the sale process for Baugur. Baugur previously owned the fashion chain for four years.

It is thought that hundreds of jobs could be lost out of the 2,500 strong workforce at MK One. 62 stores may have to close, leaving 110 stores open across the UK.

It is recognised by Deloitte that MK One has a healthy customer base and so they are keeping the stores open while they search for a buyer.

It is understood that some suppliers are still waiting for payment for deliveries during December and they have built up £38m of losses while it was owned by Baugur.

Mk One has been facing stiff competition from much bigger businesses such as New Look and Primark. Other retail chains that have already gone into administration this year include, Ethel Austin, Select Retail, Elvi and Dolcis.
Healthcare provider business for sale
29 Aug 2008
Nestor Healthcare, the private sector healthcare provider, is looking for a buyer for all or part of...[more]
Candover may sell its laboratory testing group
27 Aug 2008
Alcontrol, the UK-based laboratory testing services group, may go on the market.

Owner Candov...[more]
Foxtons under business review
26 Aug 2008
Estate agent Foxtons and BC Partners, its private equity owner, have appointed NM Rothschild to carr...[more]
Barclays puts Swarfega cleanser business for sale
24 Aug 2008
Sources have disclosed that Deb Group, the company behind Swarfega, the popular hand cleanser produc...[more]
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