Fri, 24 Apr 2020 | ADMINISTRATION
Faversham-based diving retailer Simply Scuba, winner of the UK’s Diving Retailer of the Year ten years in a row, has appointed administrators.
Simply Group is well-known in the UK’s diving sector, having been trading for 25 years in Kent, and employs 32 staff.
In addition to the Simply Scuba brand, Simply Group also operates through other brands including Simply Swim and Simply Hike, specialising in outdoor clothing and equipment.
It is thought that the company has succumbed to the impact of coronavirus pandemic on retailers, however, reports indicate that the administrators are looking to sell the company, rather than cease trading entirely.
Administrators have asked for interested parties to submit their bids by Thursday April 30. There is expected to be considerable interest in the business from bidders, but it remains unclear whether a sale will be possible given the current economic climate.
Simply Scuba Ltd’s most recent balance sheet was filed to the year ending August 31 2018. At the time, the company reported having fixed assets of £423,126, up from £332,737 the year prior. Its current assets were listed at £1.66 million, slightly up from £1.65 million in 2017, while its net assets were £354,444, down from £571,839.
View the latest distressed UK businesses here.
Well-established business operating for over eight years. Specialises in the online sale of both own-brand and leading brands of gardening and horticultural supplies across the UK. Enviable client base comprising a number of long-standing relationshi...
RELOCATABLE
This is a well established and well used local post office situated in a densely populated area of East London. The area surrounding the business is extremely busy through the week and weekends due to the travel links and leisure facilities close by.
LEASEHOLD
Offers an extensive selection of quality products, including pitched and flat roof windows, composite and uPVC windows and doors, and roofing products. Works with leading manufacturers to supply premium, branded products, many of which are exclusive...
FREEHOLD
|
19
|
|
Jan
|
Injection moulding business sold out of administration to employees | BUSINESS SALE
Conwy-based injection moulding company A2B Plastics Limited ...
|
18
|
|
Jan
|
AFH Financial Group ready to return to acquisition trail in 2021 | BUSINESS NEWS
In its yearly report to October 2020, wealth manager and adv...
|
15
|
|
Jan
|
Buyer sought for portfolio of pubs | BUSINESS SALE
Five pubs that formerly operated under the Authentic Alehous...
Sign up to receive our acquisition alert emails to get your FREE guide
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