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

Accountancy Practice
Norfolk, UK Wide

The practice has been around for over two decades with virtually zero DB transfer exposure and a focus on financial planning. The Practice represents one of the cleanest Businesses you’re likely to see anywhere on the marketplace at this time. Number...

Asking Price: £750,000
Turnover: £300,000

Manufacturer of Niche Agricultural & Engineering Products
West Midlands, UK

This well-established manufacturer for sale has been trading for over 185 years and has built up a considerable niche business for agricultural and engineering products for a cross-section of industry sectors. The business to be sold is ideal for acq...

Asking Price: Offers Invited
Turnover: £1,700,000

Wealth Management Firm
Hampshire, UK Wide

Highly Profitable Wealth Management Firm. Great Staff Base Who Will Remain and Continue to Manage the Clients. Established: 25 to 30 years. Number of staff: 5 to 10. Offers invited.

Asking Price: £4,500,000
Turnover: £1,400,000


View more businesses for sale

News Search

Latest News

 
21
 
Feb
 

Street food catering firm seeks buyer after entering administration | ADMINISTRATION

Shrewsbury-based catering company MPM Catering has entered a...

 
20
 
Feb
 

Heycar acquires HonestJohn.co.uk following administration | BUSINESS SALE

Online used car service Heycar has purchased the independent...

 
19
 
Feb
 

On-demand laundry app snapped up after administration | BUSINESS SALE

Laundrapp, an on-demand laundry service which was touted as ...

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