Liverpool's Rapid Hardware enters administration

Wed, 06 Feb 2013 | ADMINISTRATION

A well-loved Liverpool retail store, Rapid Hardware, has been pushed into administration.

The bank of the family-run business, RBS, called in administrators from Duff and Phelps to take the business under their wing. Rapid’s managing director Martin Doherty wants a “white knight” investor to save Rapid Hardware.

Established for 40 years, the business operates from the George Henry Lee Building in Liverpool City Centre, formerly home to a John Lewis store. It sells all types of hardware for the home including bathrooms, flooring, doors, decorating and gardening products, as well as DIY and electrical appliances.

Mr Doherty is eager to hear from potential buyers to secure the business and the 90 employees’ positions.

He said: “Even at this stage we would be anxious to hear from investors who could help put together a rescue deal.

“I am talking about investors who would be prepared to sit down and discuss some kind of deal. This is not just about the management or simply about a great company. It is about looking after a workforce that is simply the best.”

It has been confirmed that the shop, which has over 100,000 sq. ft of retail space, is open for trading today.


Share this article



Latest Businesses for Sale

Stockist & Supplier of Pipeline Products
North West, UK

Serves both sole traders and blue-chip organisations throughout the UK and internationally. Products include, but are not limited to, valves, tubes, steam equipment, strainers, filters, flanges and thermometers. Offers bespoke process products to mat...

Asking Price: Offers Invited
Turnover: £3,700,000

LEASEHOLD


Draught Beer & Associated Dispensing Equipment Manufacturer & Supplier
UK Wide

Specialist in-house expertise in the design and development of a range of innovative beer dispensing equipment. Predominantly provides services to high-value, blue-chip clients in the brewing industry. Long-standing relationships with several prestig...

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

LEASEHOLD


Wood Fuel Processing & Renewable Energy Hub
South of England, UK Wide

Specialises in low-carbon energy generation and biomass fuels including wood-fuel drying and processing, renewable electricity generation and on-site wood pellet production for the wholesale and industrial markets. Offers invited.

Asking Price: Offers Invited
Turnover: £1,100,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
24
 
Jun
 

Digital account provider snapped up by Morses Club | BUSINESS SALE

Sheffield-based U Holdings Limited, which trades under the n...

 
21
 
Jun
 

Property business merger creates £400 million company | MERGER

A housing specialist that works on new and refurbished premi...

 
20
 
Jun
 

Prescription start-up acquired by healthcare giant for undisclosed sum | BUSINESS SALE

A UK start-up company that helps individuals manage their su...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
23
 
May
 

Fintech company Loot collapses into administration | ADMINISTRATION

After failing to secure further backing from the Royal Bank ...

 
05
 
Aug
 

Tech-enabled lockers firm Bybox undertakes an MBO | MBO/MBI

ByBox, the Oxfordshire business behind a network of unmanned...

 
10
 
Dec
 

Theme park up for distressed sale | BUSINESS SALE

A theme park in Lincolnshire has been put up for sale after ...

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