Tue, 14 Apr 2020 | ADMINISTRATION
Dorset-based event catering company Beales Gourmet has gone into administration as a “direct result” of the UK’s coronavirus lockdown.
The company, which largely hosted weddings, corporate events and private functions, has appointed Quantuma to act as administrator.
Prior to the coronavirus lockdown, the company had 250 events booked as it was set to enter what is normally the busiest time of the year. Last week its founder, Tony Beales, said that events worth £200,000 had been postponed or cancelled and that he was exploring launching a delivery service.
Aside from directors Tony and Molly Beales, the company employs 14 permanent staff, who have now been furloughed, and 6 regular casual staff.
Quantuma’s David Meany said: “We are exploring the possibility of securing buyers for the internal and external event sections of the business in an effort to maximise the return for clients and creditors, secure employment and potentially provide continuity for some of the clients who have weddings and other events booked."
The company’s most recent accounts are to the year ending March 31 2019, they show Beales Gourmet holding net assets of close to £350,000. Its tangible fixed assets at the time included plant and machinery worth close to £300,000.
View the latest distressed UK businesses here.
Award winning high end restaurant, based in Lancashire, Significant investment in recent years has created a platform for further growth. Featured in the Michelin guide. Freehold property within an attractive rural setting. Large car park. Offers inv...
FREEHOLD
Fast Food Takeaway Shop Business For Sale - High Turnover - Prime Location - Milkshake & Dessert Bar. - Busy Established Takeaway Business. Customer Seating Area. Large Double Shop. Residential Area. Offers invited.
LEASEHOLD
The business for sale is a popular takeaway located in Ipswich. Mostly serving pizzas and kebabs, the business has quickly gained a great local reputation for their delicious food and friendly service. Excellent reputation. Loyal customer base. Huge...
LEASEHOLD
|
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...
|
22
|
|
May
|
Owner of Joe.co.uk enters administration | ADMINISTRATION
Joe Media Limited, the UK parent company of social news webs...
|
21
|
|
May
|
South London-based law firm acquired in pre-pack sale | BUSINESS SALE
Croydon-based McMillan Williams Solicitors (MSW) has been so...
Sign up to receive our acquisition alert emails to get your FREE guide
|
21
|
|
May
|
South London-based law firm acquired in pre-pack sale | BUSINESS SALE
Croydon-based McMillan Williams Solicitors (MSW) has been so...
|
30
|
|
Aug
|
Newport care home collapses into administration | ADMINISTRATION
The company behind the Caerleon House care home in Newport, ...
|
15
|
|
Jul
|
Specialist engineering firm forced to appoint administrators | ADMINISTRATION
Rail contracting company Aspin Group Limited has been forced...
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