Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
  • Video Insights
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Cheshire-based wholesaler goes into administration

Cheshire-based wholesaler goes into administration

Wed, 06 May 2020 | ADMINISTRATION



Cheshire-based wholesaler Scott Brothers Limited (SBL) has gone into administration after its business was significantly impacted by the coronavirus pandemic. Patrick Lannagan and Conrad Pearson of Mazars LLP were appointed as joint administrators.

The company supplies household storage products such as vacuum storage bags, air coolers and dehumidifiers. In November 2018, it acquired its main competitor in the storage product space H&L Russel Limited.

It represents numerous household brands, primarily in the UK and Ireland, including Packmate, Honeywell, Décor, DomoPak, Rorets, Wax On Wax Off, Wo-Wo, Storeasy and Stanley. Its customer base includes independent retailers and distributors, as well as several core high street retailers and supermarkets.

Joint administrator Patrick Lannagan said: "SBL's business has been significantly impacted by the Covid-19 pandemic and unfortunately it has been necessary to make 15 redundancies, from an original staff of 21.”

"Trading continues at present in a limited form and we are seeking buyers for the business and assets."

Scott Brothers’ last financial statements were filed to the year ending September 30 2018. At the time of filing, the company held fixed assets of £17,916, up from £10,000 in 2017, and current assets of £1.25 million, slightly down from £1.33 million the year prior. The company opted not to file its statement of income and retained earnings at that time.


View the latest distressed UK businesses here.


Share this article



Latest Businesses for Sale

Food Wholesaler
UK Wide

A robust twin business model providing ambient frozen and chilled food products through a localised wholesale division and an established e-commerce site. The majority of the company's trade clients are in the pub and restaurant sector with a small p...

Asking Price: Offers Invited
Turnover: £1,859,000

Importer & Distributor of Catering & Refrigeration Equipment
Midlands, UK Wide

Leading importer and distributor of commercial catering equipment food service equipment and refrigeration equipment from European and USA manufacturers selling via an established network of distributors and direct to end users. With an enviable port...

Asking Price: Offers Invited
Turnover: £4,705,000

Importer & Distributor of Textiles & Fabrics
North West, UK

Supplies an extensive range of material including upholstery fleece & faux suede to wholesale retail & manufacturing customers. Specialises in upholstery fleece & digital printing.

Asking Price: Offers Invited
Turnover: £3,024,000


View more businesses for sale

News Search

Latest News

 
22
 
Jan
 

630,000 UK businesses in “significant financial distress”, according to report | BUSINESS NEWS

According to the most recent Red Flag Alert research from Be...

 
21
 
Jan
 

ProCook considering sale as it undertakes strategic review | BUSINESS NEWS

Kitchenware retailer ProCook is to undertake a strategic rev...

 
20
 
Jan
 

Modulaire Group extends UK presence with Carter acquisition | BUSINESS SALE

Modular space leasing business Modulaire Group has announced...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
15
 
Apr
 

Bristol-based transport training company goes into liquidation | ADMINISTRATION

Bristol-based transport training course provider PB Transpor...

 
24
 
Mar
 

Halifax arts trust calls in administrators | ADMINISTRATION

The Square Chapel Trust and its subsidiary Square Trading Lt...

 
21
 
Feb
 

Street food catering firm seeks buyer after entering administration | ADMINISTRATION

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

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

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Daily Financial Alerts
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2021. Business Sale Report Ltd. All rights reserved. www.business-sale.com.