Chessum Plants up for sale after falling into administration

Mon, 16 Apr 2018 | BUSINESS SALE

A Bedfordshire-based rose growing specialist, Chessum Plants Limited, has fallen into administration and is being sold with the help of Begbies Traynor.

The move follows both the firm’s sister companies, Home and Garden garden centres and Green Moon Plants also going into administration earlier this year.

The administration comes despite the firm reporting increased turnover to GBP11.1m for the year to March 2017, up from around GBP10m the year before. Profit before tax for the most recent trading year was GBP103,000.

The sale terms require the buyer to purchase the business and assets and removal of the assets from the trading premises within a certain period of time. The sale includes bare root rose stock worth GBP360,000, and potted rose stock worth in the region of GBP1.1m.

In addition, the buyer will be purchasing some 20,000 Christmas trees, GBP580,000 worth of roses planted in a field belonging to a third party and the rights to some 41 rose varieties. A plant and machinery is also included in the sale.

Sister business Home and Garden garden centres says its administration is partly due to the fact that the poor weather so far this year has hit trading at garden centres. David White, the firm’s director, told Horticultural Week: "January was ok, February ended up poor and March has been hit by the 'beast from the East' storms and their aftermath."


Share this article



Latest Businesses for Sale

Restaurant
South Glamorgan, Wales, UK

Beautifully presented restaurant in Cardiff. Affluent trading area. Run under management. Stunning premises, beautifully presented throughout. Offers invited.

Asking Price: £230,000
Turnover: £650,000

Dental Surgery
Derbyshire, UK Wide

Peak District/Stockport Postcode Area. Very well-established Private Family Dental Practice. Excellent high street location and with good transport links. Offers invited.

Asking Price: £870,000
Turnover: £636,000

LEASEHOLD


Mediterranean Bar & Restaurant
Darwen, Lancashire, North West, UK

Prominent Town centre location. Imposing detached property. Newly refurbished in 2015. Customer seating for 110. High end fixtures and fittings. Offers invited.

Asking Price: £550,000
Turnover: £520,000


View more businesses for sale

News Search

Latest News

 
03
 
Jun
 

28 Oddbins stores saved after acquisition by unnamed buyer | BUSINESS SALE

28 Oddbins stores will remain open after the off-licence ret...

 
02
 
Jun
 

Topps Tiles agrees sale and leaseback of HQ and warehouses | COMMERCIAL PROPERTY

Tile retailer Topps Tiles has agreed the £18.1 million...

 
01
 
Jun
 

Aldo UK falls into administration | ADMINISTRATION

Footwear retailer Aldo UK has entered into administration du...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
27
 
Apr
 

Lincs Lifts seeks buyer after appointing administrators | ADMINISTRATION

Scunthorpe-based powered access hire business Lincs Lifts is...

 
03
 
Apr
 

Benito’s Hat to continue trading despite entering administration | ADMINISTRATION

Fast-casual Mexican food chain Benito’s Hat has entere...

 
09
 
Oct
 

South Wales furniture maker collapses into administration | ADMINISTRATION

Thought to be one of the top furniture manufacturers in the ...

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