Wed, 22 Jun 2011 | BUSINESS NEWS
The high street is bracing itself for another wave of company failures as quarterly rents are due this Friday. Entrepreneurial predators can, therefore, expect several opportunities to make acquisitions over the coming weeks.
Quarterly rent due dates at the end of March, June, September and December have heralded several retailers being put into administration in the past, with high-profile cases including music store Zavvi, tea specialist Whittard of Chelsea and men’s fashion clothing shop the Officer’s Club.
The Officer’s Club entered administration at the end of March this year, Grant Thornton sold about half of the business to Blue Inc in a deal worth £5 million. The business had also been taken into administration in December 2008. The appointed administrators at PwC sold it to management at the time.
Whittard of Chelsea was sold out of administration to EPIC private equity partners in December 2008. At the time the deal safeguarded the jobs of 950 staff, keeping all 130 shops open and trading. Whittard’s presence on the high street remains strong to this day.
Research undertaken by Deloitte has shown that retail administrations for the first quarter of 2011 rose by 30 per cent to 60, from a total of 46 for the same period the previous year. Two of the better-known victims are Focus DIY and off-licence chain Oddbins.
The BRC has been requesting that commercial landlords accept monthly rental payments instead of quarterly to ease the pressure on struggling retailers.
An outsourced employment law and HR specialist offering a comprehensive range of services for clients throughout the UK.
LEASEHOLD
The company offers personalised services to a growing client base, ensuring all art mounting, conservation and restoration requirements are met by a team of highly skilled specialists. Serving museums, galleries, Government departments and private co...
LEASEHOLD
Based in north West England. The business supplies, installs and maintains high-quality window and door systems for its clients. The company has developed a strong reputation due to a proven track record of supporting its customers and local communit...
FREEHOLD
26
|
Jan
|
UK M&A down 16 per cent in 2022, but sentiment remains optimistic | BUSINESS NEWS
New analysis from PwC has revealed that UK M&A activity decl...
26
|
Jan
|
Private equity-backed law firm targeting further M&A in 2023 | BUSINESS NEWS
Stowe Family Law, a Leeds-headquartered specialist family la...
25
|
Jan
|
Eastbourne seafront hotel on the market for £2.3m | COMMERCIAL PROPERTY
The Eastbourne Riviera Hotel, located on the town’s po...
Sign up to receive our acquisition alert emails to get your FREE guide
01
|
Dec
|
Arcadia collapses into administration | ADMINISTRATION
Sir Philip Green’s Arcadia, the group behind retailers...
15
|
Oct
|
Gourmet Burger Kitchen acquired by Boparan in deal that sees 26 sites close | BUSINESS SALE
Gourmet Burger Kitchen has been acquired by Boparan Restaura...
23
|
Sep
|
Cartwright Group enters administration, but fleet and rental arms are sold | ADMINISTRATION
Commercial trailer manufacturer and rentals firm Cartwright ...
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