Administrators seek buyer for Liverpool hardware shop Rapid

Tue, 09 May 2017 | ADMINISTRATION

Administrators appointed to struggling Liverpool DIY store Rapid Discount Outlet are seeking a buyer for the business.

Rapid, based on Basnett Street near the city’s St Johns Shopping Centre, opened in 2013 after previous company Rapid Hardware collapsed.

Administrators Duff & Phelps said the shop would continue to trade while a buyer for the business and its assets is sought.

Rapid sells a wide range of DIY and household items, including garden furniture, power tools, lighting, flooring and furniture.

According to the Liverpool Echo, the original Rapid Hardware was established in 1971 and was a popular destination for shoppers.

In 2010 it moved from its Renshaw Street site to Basnett Street before falling into administration in 2013, with more than 100 staff losing their jobs. Weeks later its former owners reopened the store as Rapid Discount Outlet.

The Echo reported that staff had been told that Rapid had fallen into administration with its affairs being handled by Duff & Phelps, with managing directors Philip Duffy and Sarah Bell appointed joint administrators.

In a statement they said: “The administrators are reviewing the financial position of the business, with a view to continuing to trade to enable the business and assets to be sold.”

See the latest businesses in administration.

Subscribe to the Business Sale Report here.


Share this article



Latest Businesses for Sale

Luxury Kennels & Cattery
Yorkshire and the Humber, UK

Luxury kennels and cattery with professional grooming parlour (licensed for 142 dogs and 26 cats) in Peterborough for Sale. An opportunity to acquire this luxury kennels and cattery with stunning spacious four bedroom detached residence which must be...

Asking Price: £1,500,000
Turnover: £522,542

LEASEHOLD


Haulage Business
South Wales, Wales, UK

The business has been established for a number of years and has been owned and operated by the founder since that date. Offers invited.

Asking Price: £850,000
Turnover: £2,595,443

FREEHOLD


Bar & Function Room
Ilkley, Yorkshire and the Humber, UK

Situated in the heart of Ilkley town centre just off the busy Brook Street. The yard is a stylish bar offering a wide range of drinks, good, quality food, music with varied DJ’s and live artists all encompassed in an interesting layout. Offers invite...

Asking Price: £775,000
Turnover: £600,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
22
 
Mar
 

Scunthorpe nightclub up for sale | BUSINESS SALE

A former nightclub based in Scunthorpe has been put up for s...

 
21
 
Mar
 

Kent Logistics provider completes a successful acquisition | BUSINESS SALE

A Kent-based personalised logistics provider, backed by Livi...

 
20
 
Mar
 

Warrington construction company enters administration | ADMINISTRATION

A prominent construction business headquartered in Orford Gr...

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