Firetrap brand saved in pre-pack administration

Mon, 19 Mar 2012 | BUSINESS SALE

High street fashion brand, Firetrap, has been partially bought out by Sports Direct in a pre-pack administration.

World Design & Trade, which operated the contemporary brands Firetrap UK and FullCircle, filed for administration at the end of last week, with restructuring specialists from Ernst & Young appointed to handle the process.

The deal will see the company’s wholesale business, brands and concessions acquired by the sports giant, which in the last year has also acquired fashion retailer USC and premium chain Cruise. The deal secures 170 jobs with the company. Firetrap’s six stores, however, have all been closed, with the loss of 51 jobs.

It is thought that Sports Direct was vying for the company with rival sporting brand, JD Sports. They had previously both contended to buy out the administration-struck outdoor pursuits chain, Blacks, earlier this year, with the bulk of it eventually being secured by JD Sports.

Firetrap has joined a growing list of companies that have succumbed to the difficult town centre retail conditions created by the recession. In January, Peacocks became the largest high street failure since the collapse of Woolworths in 2008, but was largely bought out by Edinburgh Woollen Mill.

Video game vendor, Game, is also currently fighting for survival, with a deal said to be on the cards for private equity company, OpCapita, to acquire its debt.

Share this article

Latest Businesses for Sale

Windows & Doors Supply & Installation
UK Wide

Supplies uPVC windows and doors to home and small business owners in the UK. Operates from freehold premises. Excellent potential for continued growth. Our client is offering the business for sale to facilitate their retirement. Offers invited.

Asking Price: Offers Invited
Turnover: £594,000


Personalised Print Company (Fast Sale)
South West, UK

Offers are required by 5pm on Friday 24th April 2020. Long established personalised print company with UK wide educational sector clients. Over 30 years in the marketplace. Supply of personalised printed items/merchandise to UK educational organisati...

Asking Price: Offers Invited
Turnover: £815,002


Designer & Manufacturer of Bespoke Carpentry & Joinery Components (Fast Sale)
West Midlands, UK

Interested parties should be in a position to submit initial expressions of interest no later than 5pm on 17 April 2020. A unique opportunity to acquire a well-established designer and manufacturer of bespoke carpentry and joinery components.

Asking Price: Offers Invited
Turnover: £5m+


View more businesses for sale

News Search

Latest News


Treasury plan to save medium-sized businesses by taking emergency stakes | BUSINESS NEWS

The Treasury is understood to be considering user taxpayer m...


Clarks makes store closures and explores financing opportunities | COMMERCIAL PROPERTY

Footwear retailer Clarks has confirmed that it will close a ...


Cath Kidston set to enter administration | ADMINISTRATION

Clothing, accessories and homeware retailer Cath Kidston has...

Free guide: 10 Biggest Buyer Mistakes

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


Related News


Fine dining restaurant put up for sale | BUSINESS SALE

A fine-dining restaurant and bar located in Haughton, Staffo...


Hawk Plant enters administration | ADMINISTRATION

The Shropshire company, that has previously undertaken landm...


Butcher chain falls into administration | ADMINISTRATION

Yorkshire-based butcher chain Crawshaw has fallen into admin...

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