Jones Bootmaker ‘on brink’ of administration

Fri, 17 Mar 2017 | ADMINISTRATION

It is hoped a buyer can be found for historic footwear and accessories retailer Jones Bootmaker, which is on the cusp of falling into administration.

Alteri Investors, the firm’s private equity owner, is reported to have filed a notice to appoint administrators to the company, placing 1,145 jobs at risk.

Jones Bootmaker was established in 1857 when Alfred and Emma Jones opened their footwear shop in Bayswater, London. Today the firm, headquartered in Leicestershire, has more than 120 stores across the UK.

The firm is thought to be struggling financially as its tries to cope with incoming business rate rises and price hikes brought about by the collapse of the value of the pound following the Brexit vote.

The move to appoint administrators is designed to give Jones Bootmaker breathing space from creditors looking to recover debts from the company while a new owner is found.

Sky News reported that while there is a risk of the retailer falling into administration, Alteri, together with advisors KPMG, are said to be in discussion with several buyers, with “credible” offers on the table.

Alteri acquired Jones Bootmaker, together with the Brantano brand, in 2015.

Find retail businesses for sale.
You can subscribe to the Business Sale Report here


Share this article



Latest Businesses for Sale

Quality Workwear & Leisurewear Wholesaler (Fast Sale)
UK Wide

Indicative offers are required by close of business Monday 20th July. Long established business, founded in 1996. Good core, repeat business customers. Bonded warehouse. Established brand name.

Asking Price: Offers Invited
Turnover: £300k - £1m

Fibre Optic & IT Cabling Solutions
South East, UK

Designs, supplies and installs fibre optic and IT cabling solutions for clients throughout the UK and Europe. Offers electrical, structured cabling and network/Wi-Fi solutions, AV equipment and LAN/ethernet, in addition to project management, consult...

Asking Price: Offers Invited
Turnover: £2,247,561

LEASEHOLD


Importer of Toys & Gifts for the Leisure Industry
UK Wide

Imports an extensive selection of toys and gifts, which are sold to trade customers throughout the UK and internationally. Has established a strong reputation within its sector for its innovative product range, competitive prices and exceptional serv...

Asking Price: Offers Invited
Turnover: £6,135,933

FREEHOLD



View more businesses for sale

News Search

Latest News

 
14
 
Jul
 

Huddersfield retail park acquired out of administration | COMMERCIAL PROPERTY

Huddersfield’s Gallagher Retail Park has been acquired...

 
14
 
Jul
 

Directors of distressed companies get more breathing space | BUSINESS NEWS

The temporary suspension of wrongful trading provisions intr...

 
13
 
Jul
 

Yorkshire retailer Peter Jones enters administration | ADMINISTRATION

Well-known Wakefield-based retailer Peter Jones has entered ...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
27
 
Mar
 

840 jobs saved as Jones Bootmaker snapped up for £11m | BUSINESS SALE

Historic British shoe retailer Jones Bootmaker has been acqu...

 
28
 
Feb
 

Jones the Bootmaker put up for sale | BUSINESS SALE

Jones Bootmaker, one of the oldest names on the British high...

 
17
 
Feb
 

58 stores available in Brantano administration sale | BUSINESS SALE

There are 58 stores available to buy as part of a PwC-led ad...

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