Fri, 22 Jul 2016 | ADMINISTRATION
Administrators at FRP Advisory are seeking buyers for the ongoing business and assets of Greater Manchester-based furniture seller Mountrose.
The business entered administration after starting to under perform, having been squeezed by pressures in the competitive retail sector. Mountrose, which has seven offices around the world, sought the administration process in order to protect its future as a viable business.
Alastair Massey and Benny Woolrych at FRP Advisory were appointed the administrators on 11 July 2016, and made 31 of the 39 staff redundant. The remaining eight are working to fulfil customer orders, from its base in Audenshaw.
Joint administrator Mr Massey told Insider Media: "Mountrose has vast experience in sourcing of indoor furniture, garden and leisure products, serving an array of retail clients and an extensive home customer network.
"We continue to trade the business, servicing new and ongoing Mountrose customer orders. We invite interested parties to make early contact.”
Headquartered in Manchester, the furniture seller has offices in Europe, Brazil, Malaysia, Vietnam, Hong Kong and Australia, and its products are sold in a number of household name retailers including Asda, Very, Simply Be, Littlewoods and Homebase. It has traded well for several years and enjoys long-term relationships with manufacturers around the globe, but despite this it had started making losses recently.
Contact the administrators here
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