Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Sassoon Academy to appoint administrators

Sassoon Academy to appoint administrators

Wed, 12 May 2021 | ADMINISTRATION



Hairdressing school Sassoon Academy has revealed that it is ready to appoint administrators and explore options including a potential sale, after struggling to recover from the impact of COVID-19 lockdowns.

Following a year of forced closures, the business has submitted a notice to the High Court to appoint administrators in a bid to explore its options - including the structuring or sale of the business - moving forward.

Haircare Limited, the vehicle that operates the Sassoon Salon and Academy brands in the UK, has revealed that it has chosen its administrators, having drafted insolvency specialists Andy John and Neil Bennett from Leonard Curtis.

The Vidal Sassoon brand began in London's West End in 1954, when founding hairdresser Vidal Sassoon opened his first salon on Bond Street. Sassoon garnered fame as the creator of the bob cut, which became popular during the 1960s.

The business has since gone on to provide hairdresser education via its academy, which has become a popular destination for hairdressers wishing to learn the trade or improve their skills.

Sassoon sold his business interests in 1980 before the business was acquired by US haircare firm Regis in the early 2000s.

The brand is one of many within the industry that has suffered as a result of COVID-19 restrictions. Nail bars, beauty salons and spas alike have all faced financial struggles as a direct result of lockdown measures. Social distancing rules have also had a particularly big impact on the industry, which commonly requires close contact with members of the public in order to provide their services.


View the latest distressed UK businesses here.


Share this article



Latest Businesses for Sale

Landscaping Business
West Midlands, UK

Provides expert soft and hard landscaping and groundwork services for commercial clients throughout England and Wales. Maintains a dedication to completing all projects on time and within budget. Has established an excellent reputation in its sector.

Asking Price: Offers Invited
Turnover: £1,900,000

FREEHOLD


Domiciliary Care Business
UK Wide

This is a rare opportunity to purchase a high quality, well established domiciliary care business which has been trading extremely well.

Asking Price: Offers Invited
Turnover: £650,000

LEASEHOLD


Manned Guarding, CCTV & Security Services
UK Wide

Profitable. Debt-free. 55+ customers. Accreditation. Well located. Repeat business (70%+). Relocatable/New lease/Freehold options. Blue-chip customer base. Offers Invited.

Asking Price: Offers Invited
Turnover: £6,000,000

RELOCATABLE



View more businesses for sale

News Search

Latest News

 
27
 
Jun
 

Administrators seek buyer for listed pharmaceutical company | ADMINISTRATION

Listed pharmaceutical firm 4D Pharma Plc has fallen into adm...

 
24
 
Jun
 

E-commerce imports retailer up for sale for £1.6m | BUSINESS SALE

Deals Incorporated, a Manchester-based e-commerce retailer t...

 
23
 
Jun
 

Auto Trader completes acquisition of Autorama at nearly 16x gross profits | BUSINESS SALE

Auto Trader has completed the acquisition of new vehicle lea...

Free guide: 10 Biggest Buyer Mistakes

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

Email


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

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2022. Business Sale Report Ltd. All rights reserved. www.business-sale.com.