Wed, 02 Jan 2013 | ADMINISTRATION
East London-based training scheme and mini restaurant chain, Hoxton Apprentice, has been put up for sale, while the charity that ran the venues, Training for Life, has also fallen into administration.
The scheme was opened in 2004 as a separate company to Training for Life, under the watchful eyes of social entrepreneur Gordon D’Silva and cookery expert Prue Leith. Neither D’Silva nor Leith are currently involved in the project, however.
Hoxton Apprentice, which has closed its doors while it searches for a buyer, provided trainees with six-month placements with on-the-job training, wages and industry qualifications. Long-term employees were selected from the trainees.
Administrators from Marriotts are handling the sale of Hoxton Apprentice, while Mazars has been appointed by Training for Life.
Hoxton Apprentice runs three restaurants, two of which – the original restaurant in Hoxton Square and the Dartmouth Apprentice in Devon – will continue to honour bookings. However, the Barking Apprentice Café has closed. Paul Barton, the manager at the Café, said, “Training for Life, Barking Apprentice's parent company, has gone into receivership and, therefore, can no longer maintain Barking Apprentice Café. This is mainly due to funding issues and has no bearing or reflection on any of the staff at Barking Apprentice Café."
Impressive single fronted premises all newly fitted approximately few years ago. Open plan kitchen area with stainless steel extractor system, stainless steel cladding to walls.
LEASEHOLD
Represents an opportunity for an acquirer seeking a retail outlet entailing a grocery, bakery and a busy off licence.
LEASEHOLD
Offering for sale this Japanese restaurant with alcohol license till late. The current owners have invested heavily in new equipment, fixtures and fittings. The ground floor & basement premises are significant in size and the new owner may consider d...
LEASEHOLD
13
|
Aug
|
Pole Star Global acquires maritime risk intelligence firm | BUSINESS SALE
Maritime intelligence solutions provider Pole Star Global ha...
12
|
Aug
|
Frasers Group acquires electronics retailer out of administration | BUSINESS SALE
Ebuyer (UK) Limited, an electronics retailer that fell into ...
12
|
Aug
|
Aquaculture services business falls into administration | ADMINISTRATION
Aqualife Services Limited, a Stirling-based aquaculture serv...
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
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.