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."
Long established community pharmacy. First time on the market in 30 years. Now occupying exemplary new purpose built accommodation. Standard hours. Offers invited.
LEASEHOLD
Works closely with clients to produce interior design solutions for educational institutions, which could be marketed to more sectors.Additionally offers an array of creative media, including videos,presentations, websites, branding and full direct m...
RELOCATABLE
Unopposed health centre pharmacy. Semi-rural location. In receipt of Pharmacy Access Scheme payments. Offers invited.
LEASEHOLD
|
22
|
|
Jan
|
Chelmsford warehouse management firm bought by software provider | BUSINESS SALE
Chelmsford-based warehouse management solutions provider Min...
|
21
|
|
Jan
|
MBO at Newcastle market research company | MBO/MBI
Newcastle-based market research company Explain Market Resea...
|
20
|
|
Jan
|
Target Healthcare embarks on acquisition spree | BUSINESS SALE
Target Healthcare has completed the acquisitions of a develo...
Sign up to receive our acquisition alert emails to get your FREE guide
|
09
|
|
Oct
|
South Wales furniture maker collapses into administration | ADMINISTRATION
Thought to be one of the top furniture manufacturers in the ...
|
07
|
|
Oct
|
Prominent Bristol construction company plunges into administration | ADMINISTRATION
An acclaimed construction company operating in southwest Eng...
|
25
|
|
Jun
|
Port Talbot construction business enters administration | ADMINISTRATION
A construction company based in Port Talbot has fallen into ...
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