Tue, 21 Mar 2017 | ADMINISTRATION
Administrators appointed to collapsed Somerset-based footwear Ted & Muffy, which recently made 11 of its 38 staff redundant, are looking for a buyer for the business.
The firm, formerly known as Duo, sells high-quality boots and shoes which are all made from its studio and offices in Frome. It has a physical store in Bath and a “major” online presence, selling to customers around the world.
Administrators Begbies Traynor have been appointed to find a buyer for The Blink Partnership Ltd, which trades as Ted & Muffy.
The firm, which will continue to trade while a buyer is found, was said to have performed well under previous ownership but had been adversely affected by mild autumn trading and a major rebranding two years ago.
Ian Walker, partner at Begbies Traynor’s office in Exeter, said: “In April 2016, Ted & Muffy was rescued out of administration by The Blink Partnership Ltd.
“However, unfortunately sales haven’t reached expectations and the business has no alternative but to find a new buyer.
“The business will continue to trade while a new buyer is being sought, and meanwhile there are no significant arrears of creditors.”
Anyone interested in buying the business is urged to come forward “as quickly as possible”.
Find retail businesses in administration.
You can subscribe here
This well-established scrap vehicle yard in Essex offers a unique opportunity to acquire a business with a significant stock of decommissioned parts and panels, alongside essential equipment such as forklifts and heavy demolition plant.
Opportunity to acquire a well-established engineering product and equipment distributor located in the heart of the West Midlands.
Presenting an exceptional opportunity to acquire a well-established specialist joinery business located in Southport, Merseyside.
01
|
Jul
|
PE-backed accountancy swoops for 65-strong East Midlands firm | BUSINESS SALE
Private equity-backed accountancy Duncan & Toplis has acquir...
01
|
Jul
|
Manchester-based aerospace firm rescued with pre-pack deal | BUSINESS SALE
B&H.PT Limited, a Manchester-based aerospace manufacturer, h...
01
|
Jul
|
Seafood and pork supplier acquires food manufacturing business | BUSINESS SALE
Sofina Foods Europe, a North Yorkshire-headquartered supplie...
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.