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.
The company provides a range of forklift truck solutions including sales, repairs, servicing, manufacturing and hire. Designs and manufactures its own branded forklifts with an extensive product range including reach trucks, order pickers and tow tra...
LEASEHOLD
Multiple opportunities for growth and international expansion. Operates from leasehold premises. Our clients are offering the business for sale to facilitate further growth under the impetus of new ownership. Offers invited.
LEASEHOLD
Modern, well-positioned UK-based freehold premises to be included in sale. Genuine scope for further growth with development of existing product range and the addition of a sales function. Offers invited.
FREEHOLD
|
27
|
|
May
|
Food-to-go supplier calls in administrators | ADMINISTRATION
Adelie Foods, one of Britain’s biggest suppliers of sa...
|
26
|
|
May
|
Luxury fashion brand DVF Studio enters administration | ADMINISTRATION
DVF Studio, the UK business of fashion designer Diane von Fu...
|
24
|
|
May
|
Over 50 hotels and travel brands up for sale as leisure company collapses | ADMINISTRATION
The parent company of coach holiday company National Holiday...
Sign up to receive our acquisition alert emails to get your FREE guide
|
09
|
|
Apr
|
Long Eaton furniture manufacturer enters administration | ADMINISTRATION
Long Eaton-based furniture group JDP Furniture has entered a...
|
19
|
|
Feb
|
On-demand laundry app snapped up after administration | BUSINESS SALE
Laundrapp, an on-demand laundry service which was touted as ...
|
28
|
|
Nov
|
Peacocks to rescue Bonmarche | BUSINESS SALE
Peacocks has agreed a deal with administrators to rescue riv...
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