Wed, 06 Feb 2013 | ADMINISTRATION
A well-loved Liverpool retail store, Rapid Hardware, has been pushed into administration.
The bank of the family-run business, RBS, called in administrators from Duff and Phelps to take the business under their wing. Rapid’s managing director Martin Doherty wants a “white knight” investor to save Rapid Hardware.
Established for 40 years, the business operates from the George Henry Lee Building in Liverpool City Centre, formerly home to a John Lewis store. It sells all types of hardware for the home including bathrooms, flooring, doors, decorating and gardening products, as well as DIY and electrical appliances.
Mr Doherty is eager to hear from potential buyers to secure the business and the 90 employees’ positions.
He said: “Even at this stage we would be anxious to hear from investors who could help put together a rescue deal.
“I am talking about investors who would be prepared to sit down and discuss some kind of deal. This is not just about the management or simply about a great company. It is about looking after a workforce that is simply the best.”
It has been confirmed that the shop, which has over 100,000 sq. ft of retail space, is open for trading today.
Once a thriving online garden centre started in 2018, after an internal dispute the business stopped trading in 2022. In a space of just 3 years the business achieved £500k in turnover. This is a perfect opportunity for someone looking for a new...
Presenting an opportunity to acquire a very profitable plumbers and heating merchants business operating nationwide.
Popular and well-regarded Sushi and Ramen restaurant and takeaway, which is situated in a prime city centre location in Norwich. The premises are set over three floors and are presented to an extremely high standard throughout and offers the opportun...
LEASEHOLD
26
|
Apr
|
Major double glazing firm Everest enters administration | ADMINISTRATION
Everest, one of the largest providers of double-glazing in t...
26
|
Apr
|
Kent-based scientific consultancy sold to US firm | BUSINESS SALE
A4P Consulting Limited, a scientific consultancy company hea...
25
|
Apr
|
Ambulance services provider acquired in pre-pack deal | BUSINESS SALE
Elite Emergency Medical Services Ltd (Elite EMS), an ambulan...
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.