Administrators on lookout for buyers for Rapid Discount Outlet

Wed, 17 May 2017 | ADMINISTRATION

Buyers are being sought for Rapid Discount Outlet, which entered administration on 8th May 2017.

Philip Duffy and Sarah Bell of Duff & Phelps were drafted in as the joint administrators, and are marketing the business and assets for sale, while commencing a closing down sale at the shop.

Located in Liverpool’s St Johns Shopping Centre on Basnett Street, Rapid Discount Outlet opened in 2013, taking over from previous company Rapid Hardware, established in 1971, which at its peak took up most of Renshaw Street.

Rapid Hardware entered administration in 2013, with the store closing shortly after owing an amount close to £3 million, and with staff losses numbering 100. Its former owners opened as Rapid Discount Outlet weeks after.

A spokesperson for the administrators said: “As the administration of Rapid Discount Outlet continues, the store has now entered into a closing down sale with massive discounts up to 70% on selected items, including bathroom and bedroom accessories and furnishings, flooring to fireplaces.

The joint administrators are continuing to market the business and assets for sale and soliciting offers from interested parties.”

Ask the administrators about the sale of Rapid Discount Outlet.

Subscribe to the Business Sale Report here.


Share this article



Latest Businesses for Sale

Recruitment Agency (Fast Sale)
North West, UK

Indicative offers are required by 12:00hours on Monday 20 January 2020 with a view to completion shortly thereafter. The proposed Joint Administrators are seeking parties interested in the business and assets of a Company that trades as a recruitment...

Asking Price: Offers Invited
Turnover: £2,400,000

LEASEHOLD


Commercial Contractor (Fast Sale)
Midlands, UK Wide

Offers and proof of funding sought by 17:00hours on Friday 24 January 2020. The Joint Administrators are seeking parties interested in the business and assets of a commercial contractor business based in the Midlands.

Asking Price: Offers Invited
Turnover: £3,400,000

Hospitality Industry Recruitment Specialist
UK Wide

Provides highly skilled and professional hospitality staff across a variety of sectors. Recognised as both a preferred and top tier supplier for several of its prestigious clients. Supplying both temporary and permanent Nationwide staffing solutions....

Asking Price: Offers Invited
Turnover: £3,500,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
17
 
Jan
 

Sample book and shade card manufacturer acquired from administration | BUSINESS SALE

The business and assets of Yorkshire-based display products ...

 
16
 
Jan
 

Northgate and Redde shareholders approve merger | MERGER

The proposed merger of listed companies Northgate and Redde ...

 
15
 
Jan
 

SSE sells retail business to OVO Energy | DIVISION SALE

Power utility SSE has announced it has completed the sale of...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
05
 
Feb
 

Furnishings company enters administration | ADMINISTRATION

Burnley-based manufacturer and designer of home furnishings,...

 
02
 
Feb
 

High street wine retailer Oddbins enters administration | ADMINISTRATION

Off-licence chain Oddbins has gone into administration. Its ...

 
22
 
Jan
 

Jewellery retailer enters administration | ADMINISTRATION

A Nottingham-based jewellery and watches company has fallen ...

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