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.
Successful company operating for over 17 years. Provides a comprehensive range of golf equipment to satisfy all customer requirements, comprising clubs, clothing, bags, trolleys and complementary accessories. Significant scope to invest additional re...
LEASEHOLD
Offers a comprehensive range of services, specialising in the project management and construction management of commercial fit-out projects. Operates from several strategically located premises in South England. Offers invited.
LEASEHOLD
Provides mobile data network solutions and services to businesses operating within a wide variety of sectors. Services include data SIMs with a fixed IP address, dynamic data SIMs, integration services, VoIP and virtual numbers. Serves over 790 activ...
LEASEHOLD
|
14
|
|
Aug
|
Trafford Centre up for sale after Intu administration | COMMERCIAL PROPERTY
Manchester’s Trafford Centre shopping mall is up for s...
|
13
|
|
Aug
|
Administrators bring three former Shepherd Cox Group hotels to market | DIVISION SALE
Administrators have put three hotels in the North of England...
|
12
|
|
Aug
|
Baird Group to close stores as CVA is approved | BUSINESS NEWS
Retailer and wholesaler Baird Group, the license holder for ...
Sign up to receive our acquisition alert emails to get your FREE guide
|
20
|
|
Jul
|
Buyer sought for sports bar chain | ADMINISTRATION
FRP Advisory are seeking a buyer for Rileys Sports Bar, afte...
|
29
|
|
May
|
Monsoon Accessorize close to administration | ADMINISTRATION
Fashion retailer Monsoon Accessorize is close to entering ad...
|
09
|
|
Apr
|
Long Eaton furniture manufacturer enters administration | ADMINISTRATION
Long Eaton-based furniture group JDP Furniture has entered a...
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