Administrators look to sell collapsed book publisher Lion Hudson

Wed, 22 Feb 2017 | ADMINISTRATION

Administrators appointed to collapsed publisher Lion Hudson, one of the UK’s biggest Christian book publishers, are exploring a sale of all or parts of the business.

The Bookseller reports that the Oxford-based publisher, which shed around two-thirds of its staff earlier this year, has appointed FRP Advisory.

Founded in 1971 by David and Pat Alexander, Lion Hudson publishes books for adults and children under five imprints: Lion Books, Lion Children’s Books, Lion Fiction, Candle Books and Monarch Books.

The company is known for producing The Lion Handbook to the Bible, which has sold more than three million copies worldwide.

The Times reported that the house, which has been restructuring, has seen falling sales in markets including Brazil and Mexico.

A spokesperson for FRP told the Bookseller: “The administrators are working with management and continue to trade the business as normal. All the staff that were with Lion Hudson when it went into administration continue to work for the company. The business continues to liaise with suppliers, authors, booksellers and other parties while the administrators market the business for sale, as part of the plans for seeking new investment."

Suzanne Wilson-Higgins, managing director of Lion Hudson, said: "Lion Hudson continues to trade as normal while work continues with our advisors to focus on the business, our array of loyal authors, publishing arrangements and of course staff.

"This is a long-standing publishing business with a unique history and offering and we look forward to working with our advisors towards the next stage in its evolution to ensure the best possible outcome for all involved to safeguard the interests of our authors and another generation of readers both in Britain and across the world."

Last month Lion Hudson made 35 of its staff redundant, leaving 18 remaining. Some of the former employees have launched a new publishing venture, Lion Sales Services.

Find other businesses for sale.


Share this article



Latest Businesses for Sale

Upholstered Furniture Manufacturer (Fast Sale)
UK Wide

Best and final offers are sought by Thursday 12 December 2019. An opportunity exists to purchase the business and assets of a privately owned company. An upholstered furniture manufacturer offering a wide variety of designs and ranges.

Asking Price: Offers Invited
Turnover: £1,680,000

Italian Restaurants (Fast Sale)
North West, UK

Indicative offers are required by 17:00hrs on Wednesday 27 November 2019 with a view to completion shortly thereafter. The proposed Joint Administrators are seeking parties interested in the business and assets of two Companies that trade as Italian...

Asking Price: Offers Invited
Turnover: £1,000,000

LEASEHOLD


Loft Conversion Business
Preston, Lancashire, UK Wide

Great reputation. Fully relocatable. Friendly and professional service. Bespoke loft conversions. Minimal competition. Offered on a relocatable basis. Offers invited.

Asking Price: £759,995
Turnover: £1,002,527

RELOCATABLE



View more businesses for sale

News Search

Latest News

 
22
 
Nov
 

inTec Business Solutions acquires Titan Network Services | BUSINESS SALE

Manchester-based IT services company Titan Network Services ...

 
21
 
Nov
 

Buyer sought as North East contractor enters administration | ADMINISTRATION

A buyer is being sought for Pro-Fix Installations after the ...

 
20
 
Nov
 

Swindon waste-to-gas plant construction to resume after administration | ADMINISTRATION

An unfinished waste-to-gas facility in Swindon has secured &...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
30
 
Oct
 

Building contractor Simons goes into administration | ADMINISTRATION

Lincoln-based building contractor Simons Group has announced...

 
22
 
Aug
 

Welsh technology firm plunges into administration | ADMINISTRATION

Thought to be one of the country’s leading ICT supplie...

 
17
 
Jul
 

Preston caravan manufacturer seeks buyer following administration | ADMINISTRATION

A caravan manufacturing business in Preston is on the lookou...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources